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Sat., Sept. 17, 2011

Look at the numbers

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”!

Ed Mattfeld


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