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Username Post: I thought this explanation. . .        (Topic#324734)
ScrappinTraveler 
SJ Eloquent One
Posts: 4120
ScrappinTraveler
Reg: 10-12-09

01-10-13 11:30 AM - Post#4038766    

makes so much more sense! I get it all now. . .

* U.S. Tax revenue: $2,170,000,000,000 (Trillions)

* Fed budget: $3,820,000,000,000

* New debt: $ 1,650,000,000,000

* National debt: $16,271,000,000,000

* Recent budget cuts: $ 38,500,000,000 (Billions)

Let's now remove 9 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: $162,710

* Total budget cuts so far: $38.50

The Federal Budget - I think they make it hard for us to understand on purpose :-)

 
scrappinmamma 
SJ Eloquent One
Posts: 2541
scrappinmamma
Reg: 01-07-07

01-10-13 11:40 AM - Post#4038786    
    In response to ScrappinTraveler



 
3 Little Ladies 
SJ Deity
Posts: 72156
3 Little Ladies
Reg: 03-10-05

01-10-13 11:57 AM - Post#4038796    
    In response to scrappinmamma

I would hope that most people do not have a $162,710 credit card debt.



 
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