Lesson in government economics so we can comprehend it.
U.S. tax revenue: $2,170,000,000,000
Federal 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
38.5 billion in budget cuts looks impressive but let's remove 8 zeros and pretend it's a family budget.
Annual family income: $21,700
Money the family spent: $38,200
New credit card debt: $16,500
Credit card balance: $142,710
Total budget cuts: $385
This post was edited on 11/2 10:36 AM by Guatereb
U.S. tax revenue: $2,170,000,000,000
Federal 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
38.5 billion in budget cuts looks impressive but let's remove 8 zeros and pretend it's a family budget.
Annual family income: $21,700
Money the family spent: $38,200
New credit card debt: $16,500
Credit card balance: $142,710
Total budget cuts: $385
This post was edited on 11/2 10:36 AM by Guatereb
