US Budget for Dummies

posted at 5:12 pm on December 28, 2012 by Jazz Shaw

From my inbox, submitted without comment.

* 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
* Outstanding balance on the credit card: $142,710
* Total budget cuts so far: $38.50

Make sense now?

Recently in the Green Room:

• No TEMS today
• Carney: On second thought, reporters, your questions are teh awesome
• Poll: Brutal numbers for Obamacare
• Cleveland hero gets free burgers for life
• Video: Former IRS commissioner isn’t quite sure if targeting scheme violated American values

Blowback