Go Figure

This may be the best explanation of our fiscal problems yet as outline on Americanthinker.com.

A SnyderTalk reader sent me an email which contained the information below. It’s a simple way to think about the U.S. debt and deficit problems. The numbers are several months old so the problems we face are actually worse than the numbers suggest, but they’re close enough to get the message across to thinking people:

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 remove 8 zeros and pretend the numbers reflect 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

It’s hard to defend more stimulus money now, isn’t it?

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