This analysis was forwarded to me by Jay Wall, a Houston commercial real estate broker.
Take a look at our government’s fiscal mess:
U.S. Tax revenue: $2,170,000,000,000
Fed budget: $3,820,000,000,000
New debt: $ 1,650,000,000,000
Accumulated 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
Accumulated balance due on the credit card: $142,710
Total budget cuts so far: $3.85
Got it?
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