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U.S. National Debt Crisis Simplified
Message
From
19/09/2011 00:02:16
Neil Mc Donald
Cencom Systems P/L
The Sun, Australia
 
General information
Forum:
Politics
Category:
Other
Miscellaneous
Thread ID:
01523893
Message ID:
01523895
Views:
59
When are the Banks going to foreclose.

>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
Regards N Mc Donald
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