2011*
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 *
Balance on the credit card: $142,710
Total budget cuts: $385
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 *
Balance on the credit card: $142,710
Total budget cuts: $385
