THE FEDERAL DEFICIT AND YOUR HOUSEHOLD BUDGET

Wednesday 28 September 2011 at 7:40 pm. Used tags: , , , , , , ,

IF THIS DOES NOT RATTLE YOUR CAGE, I DO NOT KNOW WHAT WILL!

Examine the Federal Budget in simple terms, then translate it into your household budget and THINK ABOUT IT!!!

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 Cut:                $38,500,000,000

Now remove 8 zeros and pretend it is 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:                                                          $385

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