The budget in terms of your household…

This is one of the best explanations we’ve seen about the country’s financial woes. First, the real numbers for 2011 (2010 numbers in parenthesis):

U.S. Tax revenue: $2,170,000,000,000 (2,381,000,000,000)

Fed budget: $3,820,000,000,000 (3,552,000,000,000) that’s right we spent more being austere

New debt: $1,650,000,000,000 (1,171,000,000,000)

National debt: $14,271,000,000,000

Recent budget cut: $38,500,000,000

 

Now, let’s remove eight 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

or you can watch this video…. which is just great

http://www.youtube.com/embed/Li0no7O9zmE

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