I try to keep politics out of my blog; however, in the instance of the "fiscal cliff" I came across this from a comment section at Townhall.com relating to the President's last press conference on negotiations.
magnetar's post is excellent and worth re-posting:
fiscal cliff- this is not my work but it is brilliant in its simplicity
US TAX revenue - 2,170,000,000,000
Federal budget - 3,820,000,000,000
new annual debt -1,650,000,000,000
national debt - 16,000,000,000,000
pres Obama budget cuts - 38,500,000,000
let's now subtract 8 zeros and pretend it is a regular household budget
annual income $21,700
money the family spent $38,200
New debt on credit card $16,500
outstanding credit card debt -$160,000
total budget cuts so far $38.50
Can you liberals comprehend what is happening here, can you
understand why the conservatives are crying Obama is a traitor and a
marxist? Is this a road to prosperity or a road to destruction?
My thoughts:
This is so simple to understand. If your outflow is bigger than your income, then your upkeep will be your downfall. What is hard to understand here? Since Congress has not passed a budget in nearly four years, how do they expect to negotiate anything? Regular people don't live like this, they can't live like this. People used to go to debtor's prison. Where can we send the government? One has to tighten the belt and cut the spending to get things under control. It is not a revenue problem, it is a spending problem. Republicans are going to get blamed for everything that happens, so they should just do what is right. We shall see if leadership has the guts to do it. Meanwhile, pray for the USA, still the best land on the planet.
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