Jazz Shaw at Hotair posted this concise representation of the “US Budget for Dummies“:

* 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: $385.00 [fixed the math]

I would like to  now append this with the effects of going over the fiscal cliff, using $109B for the spending cuts and $600B for the Clinton Tax rates coming back:

* Annual family income: $27,700
* Money the family spent: $37,110
* New debt on the credit card: $9,400
* Outstanding balance on the credit card: $142,710
* Total budget cuts so far: $385.00

I like to think of this as the Fiscal Cliff for Dummies (GOP congressional dummies primarily). Note, I did not put the sequestration mandatory cuts on the last line, but instead I folded it into the spending line (since they are mandatory spending cuts).

What Jazz Shaw highlights with these numbers is how little DC is really trying to fix their theft of our kids’future incomes. DC has racked up that outstanding balance of $14.27 Trillion, and in their only response to  voter pressure is a measly $38.5 billion, simply illustrates the incompetence of both parties. They are just not serious, they simply kick the problem down the road as our children are rapidly being bankrupted. To see these numbers aligned with the average American Family income, see this comment.

At least the ‘fiscal cliff‘ makes a dent in this criminal madness. At least the fiscal cliff requires today’s free loaders (er,.. voters) to pay for their consumption of federal largesse. Unless the GOP can do better than the cliff regarding the bottom line, I would force the country to take its medicine.

Tags: Clinton Tax Rates, Fiscal Cliff