Fiscal Cliff – a far more understandable explanation
US 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 Recent budget cuts: $38,500,000,000 Let’s now remove eight zeros and pretend it is a household budget: Annual family income: $21,700 […]