US Budget for Dummies

[tbburg]

I just came across this on Hotair.com

If you're having trouble with big numbers when they start throwing around billion and trillion dollar figures.

From my inbox, submitted without comment.

* 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

Make sense now?

Submitted for your contemplation.

 

[joe_peters]

Well put, Sir!

 

[5-90]

Howcumzit they're always talking about cuts "over the next ten years," but the taxes need to come in now? Seems backwards to me...

 

[XJEEPER]

I read this breakdown on FB while on vacation, great summary that puts our nations financial issues in perspective.

Obama uses Executive privilege to give raises to VP, members of Congress, etc.........really, Barry, you and the Dems haven't operated on an approved budget since 2009, are increasing our taxes to pay for your expansion of the US government, and you think you deserve a raise.
http://www.weeklystandard.com/blogs...-members-congress-federal-workers_692223.html

Members of Congress move to block EO and strike down Congressional Pay raises..........
http://www.weeklystandard.com/blogs...obamas-congressional-pay-increase_692451.html

 

[joe_peters]

Howcumzit they're always talking about cuts "over the next ten years," but the taxes need to come in now? Seems backwards to me...

The SOCIALIST Party--the Party of Manana.