Saturday, December 29, 2012

Ever wonder how the Federal Budget compared to a family budget?

Ever wonder how the Federal Budget compared to a family budget?
Federal Budget:
* 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: $142,71
* Total budget cuts so far: $385
 Adjusted to median family income:
* Annual family income: $50,502.00
* Money the family spent: $88,902.14
* New debt on the credit card: $38,400.14
* Outstanding balance on the credit card: $332,126.29
* Total budget cuts so far: $896.00
H/T Hot Air

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