POLLIWOG (Tadpole): the early stage of an animal that will eventually become a frog, hoping to be kissed by a princess, turning into a prince! POLIBLOG (Political Blog): the early stage of a center-right political blog that may eventually become a full blown blog of the center-right. Join in if you find any merit in the comments. If you are on the left and disagree, feel free to straighten me out! Who knows, with effort from all of us this blog may turn into a prince!

Location: San Diego, California, United States

Tuesday, June 05, 2012

Even Dems might understand this!

Following analysis of our national debt was sent to me by my daughter:

I also read an interesting article on our national debt.  It took eight 0's off the actual debt to compare it to a household budget.  Here's what it looked like...

U.S. annual tax revenue: $2,340,000,000,000

Federal annual spending budget: $3,590,000,000,000

New annual debt from overspending this year:  $1,250,000,000,000

National debt:  $15,400,000,000,000

Last year's budget cut by Congress: $38,500,000,000

-Now remove 8 zeros and pretend it's a household budget-

Annual income: $23,400

Budget:  $35,900

New debt added to credit cards: $12,500

Outstanding balance on credit cards: $154,000

Total cuts to the family budget: $385

Think we have a problem?


Blogger Christine said...

Scary times. If people don't wake up our country will be lost.

12:53 PM  
Blogger Christine said...

This comment has been removed by the author.

12:53 PM  

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