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U.S. National Debt Crisis Simplified
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Forum:
Politics
Category:
Other
Title:
U.S. National Debt Crisis Simplified
Miscellaneous
Thread ID:
01523893
Message ID:
01523893
Views:
58
This below states the USA financial position succinctly:

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 cut: $38,500,000,000

Now just remove 8 zeros and pretend it is 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: $385
Brandon Harker
Sebae Data Solutions
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