2013-01-21

Easy Economic Budgetary Lesson

This was emailed to me from a friend.

American economic budget explained:

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

Remove all those bothersome zeros to make it look like a "normal" 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 so far: $38.50

Keep using that credit card. Because it hasn't been refused yet doesn't mean you have money. You don't have the luxury of a "budget ceiling to increase."

Keep voting in the people who use the credit card the same way.

Any questions?

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