Wednesday, February 22, 2012

US Debt: Remove 8 Zeros. Get an Understanding.

I could not resist copying here this simple chain email message.
  • 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 cuts: $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 credit card: $16,500
  • Outstanding balance on the credit card: $142,710
  • Total budget cuts: $385
And I add this...

Revised family plan: Raise the credit card limit to
$160,000

Obviously the parents are nuts. Pity the children.


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