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?
