# "Fiscal Cliff" in Plain English

3t3 3t3 at comcast.net
Sun Dec 23 11:25:34 CST 2012

```Richard -

Your point is well taken, but
Rational:  removing eight zeros does yield comprehendible numbers, but ...
You say " * Total budget cuts so far:    \$3.85"
The correct statement would have been :
"* Total budget cuts so far:  \$385"
This is still a paltry number,
but it is 100 times better than you originally stated. ;-)

Terry McCarty
3t3 at comcast.net
wa5nti

Richard O'Neill wrote:

>
>
>
> Now I understand!!
>
> 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:               \$16,271,000,000,000
> * 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
> * Balance owing on the credit card:         \$162,710
> * Total budget cuts so far:                               \$3.85
>
> Got It ?
>
> Lesson # 2:
>
> Here's another way to look at the Debt Ceiling:
>
> Let's say, You come home from work and find there has been a sewer
> backup in your neighborhood and your home has sewage all the way up to
>
> What do you think you should do - Raise the ceilings, or remove the crap?
>
>
>
>
>
>
>
>             =
>
>
>
>------------------------------------------------------------------------
>
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