Monday, December 19, 2011

The Federal Government Budget Explained Clearly

Our Federal Government budget explained in simple English:

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 eight 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 of: $385