Wednesday May 23, 2018
Photo Article: The Greek Hovel Bat Room update
I don't understand why so many fellow Republicans have to be so nasty about The Royal Wedding
Free speech explained to a Jew hater

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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“Fiscal Cliff” put in a much better perspective

Please share this article with your comrades in revolutionary capitalism

- Tom Winnifrith

Thanks to a reader for this which explains why “averting the Fiscal Cliff” has not actually happened. The finances of the US Government are in terms of GDP/Debt ratios pretty much where Greece was just a few years ago. And the trend is not good…

Lesson # 1:

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
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

Got it? Obama has not. But I reckon most folks can see that the sums do not add up.

There was a lesson #2 attached involving sewerage but I think the point is well enough made already.

Another analogy is with a 20 a day smoker. The budget cuts agreed to date equate to him cutting out one cigarette….a year.

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