Another Perspective on the US Finances

THIS IS A GREAT EXPLANATION…

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

 

Let’s remove 7 zeros and pretend it’s a household budget:

Annual family income: $217,000

• Money the family spent: $382,000

• New debt on the credit card: $165,000

• Outstanding balance on the credit card: $1,427,100

• Total budget cuts: $3,850

 

Let’s 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: $385

 

Bill English, CEO
Mindsharp

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