Ahh

Posted on 6th October 2011 by Trevor Reynolds in Blog

A succinct way of looking at the US’s financial position:

 

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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