From www.RightNation.us
US Budget, Deficit and Debt explained simply:
U.S. Tax revenue: $2,170,000,000,000
Federal budget: $3,820,000,000,000
Deficit for the year $1,650,000,000,000
Total National debt: $14,271,000,000,000
Recent budget cut: $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 family credit card: $16,500
Outstanding balance on the family credit card: $142,710
Total family budget cuts: $385
U.S. Tax revenue: $2,170,000,000,000
Federal budget: $3,820,000,000,000
Deficit for the year $1,650,000,000,000
Total National debt: $14,271,000,000,000
Recent budget cut: $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 family credit card: $16,500
Outstanding balance on the family credit card: $142,710
Total family budget cuts: $385
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