Saturday, October 1, 2011

WHY CONGRESS IS FAILING US

Submitted by: Phil Bulfinch


Puts  things in perspective... 

Lets review why the  US Credit Standing was downgraded... 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 cut: $ 38,500,000,000



Let's 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 th e credit card: $142,710
  Total budget cuts: $385

No comments:

Post a Comment