Why the U.S. was downgraded:
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 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.
Pretty simple when you use “normal” size numbers! Amazing that people who feel we should live within our means are called “radical” and “economic terrorists”!