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A 1 Minute Explanation Of The Federal Budget
Feb. 12, 2012
*****
December 9th, 2011
. 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
Got it?
From: rremelin@gmail.com