This information has been running around the Internet. I thought it explains our predicament really well.
The Federal Budget
1) U.S. Tax revenue: $2,170,000,000,000
2) Fed budget $3,820,000,000,000
3) New Debt: $1,650,000,000,000
4) National debt: $14,271,000,000,000
5) Recent Budget cut: $38,500,000,000
Now remove 8 zeros and pretend it is a….
Household Budget:
1) Annual family income: $21,700
2) Money family spent: $38,200
3) New dept on credit card: $16,500
4) Outstanding balance on credit card: $142,710
5) Total budget cuts: $385
The family is not going to make it.
Now those are some numbers I can relate to!
