Tuesday, December 6, 2011

What’s YOUR Budget These Days? « THE WAKING GIANT

I love it when complex things are simplified so that most people can understand.

• 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

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 credit card: $142,710

• Total budget cuts which some politicians are proud about: $385


What’s YOUR Budget These Days? « THE WAKING GIANT

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