Tuesday, January 31, 2012

It's Just Math

The numbers are a bit old, as we know we're already over $15 trillion in debt, but this helps cut through all the political doublespeak we get & puts it into a much better perspective.

* 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 cuts: $ 38,500,000,000

Let's 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 the credit card: $142,710
* Total budget cuts: $385

So really, it is all about the Math. Right Mr. President?

No comments:

Post a Comment