This came to me from a friend in Canada. I’m not going to even try to verify the numbers. They may be a couple years old, anyway. But that’s beside the point. The analogy with the household budget stands, regardless of how much people might want to quibble over actual numbers.
|U.S. Tax revenue:||$2,170,000,000,000|
|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 so far:||$38.50|
Get the picture?