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Simplest Way To Understand The United States Debt

September 13, 2011 | No Comments » | Topics: Uncategorized

debt

U.S. 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 spends: $ 38,200
. New debt on the credit card: $ 16,500
. Outstanding balance on credit card: $142,710
. Total budget $ 385

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