The US Fiscal Cliff?

This puts the US fiscal cliff in understandable terms ( A lesson on debt principles  relative to households; even though the figures may be a little outdated).
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

Got It ?????

OK now, Lesson # 2:   Here’s another way to look at the Debt Ceiling:   Let’s say, You come home from work and find that there has been a sewer backup in your neighborhood. So now your home has sewage all the way up to your ceilings.

What do you think you should do ……   Raise the ceilings, or remove the shit?