Well, with the fiscal cliff put on hold, like the rest of Congress’ responsibility, we now wait for the other shoe to drop.
Do we really know what the fiscal cliff is?
U.S. tax revenue — $2.170,000,000,000
Federal budget — $3,820,000,000,000
New debt — $1,650,000,000,000
National debt — $14,271,000 000, 000 (It’s over $16,000,000,000,000)
Recent budget cuts — $38,500,000,000
Now I must admit that the budget cut amount seems to be substantial. But on closer look, here is what it really amounts to. The first thing that you do is to remove the last eight zeros from the above numbers, and then you will realize how silly the budget cuts really are.
The fiscal cliff as seen by you and me:
Annual family income — $21,700
Money family spent — $38,200
New credit card debt — $16,500
Outstanding balance on credit card — $142,721
Total budget cuts so far — $38.50
It is this kind of smoke and mirrors that usually fools the taxpaying public. We need to make our elected representatives really accountable for their actions. Don’t be bashful and let them know with this kind of account baloney, our country is not doing well. Speak up.