I saw this on Facebook (wish I knew where it came from, but it’s been shared so many times I don’t know), and I thought, wow, I really get it now. It must be kind of old, since the federal debt is now like 16.4 trillion, but here goes:
- 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
Doesn’t mean much, right? Now remove eight zeros and pretend it’s your household budget:
- Annual Family Income: $21,700
- How Much the Family Spent: $38,200
- New Debt on the Credit Card: $16,500
- Total Credit Card Debt: $142,710
- Cuts to Spending: $38.50
Kind of brings it all home, huh? Cutting out a few Starbucks when you owe thousands and thousands on your credit card is kind of pointless. You’re going to end up bankrupt anyway.
Oh, so maybe that’s why the government isn’t cutting anything.