Cliff Notes For The Fiscal Cliff; Some Fun Followed by the Cold, Hard Truth

First we need some humor for a very un-funny subject, so please enjoy this video.

Now unfortunately, it’s time for the cold, hard truth. This is short and sweet and I give credit to one of my favorite websites, Miles Franklin and its excellent daily newsletter. This particular tidbit is from Jim Sinclair.

The Fiscal Cliff in perspective

Lesson # 1:

  • U.S. Tax revenue: $2,170,000,000,000
  • Fed budget: $3,820,000,000,000
  • New debt: $ 1,650,000,000,000
  • National debt: $14,271,000,000,000
  • Recent budget cuts: $ 38,500,000,000

 

Let’s now remove 8 zeros and pretend it’s a household budget:

  • Annual family income: $21,700
  • Money the family spent: $38,200
  • New debt on the credit card: $16,500
  • Outstanding balance on the credit card:
  • $142,710 Total Budget Cuts So Far:  $38.50

Let’s face facts folks, the current political system is broken. We won’t live long enough to see it change. What about a whole new way of doing things? Check these out:

http://youtu.be/tLoYxr8gOP4

http://youtu.be/s02SypCcYIc   (This is long, but it is profound, so plan to watch it when you have time)

Aloha, Mikie ~just a blogger (fightin’ like a girl)

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