Thursday, December 8, 2011

An illustration of why the nation's finances are in deep, deep trouble.

United States 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 cut: $ 38,500,000,000



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 credit card: $142,710

• Total budget cuts: $385
 
Any questions?

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