Bringing the Federal Budget Down to Earth

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
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 so far: $38.50

Get the picture?

Share Button

Leave a Reply

Your email address will not be published. Required fields are marked *

Receive Posts by Email

If you subscribe to my Feedburner feed, you'll automatically receive new posts by email. Very convenient.

Categories

Facebook

Monthly Archives