This rather brilliantly cuts through all the political double talk we constantly get, and puts it into a … perspective so that even most Liberal-Progressives can understand.
U.S. Tax revenue: $2,170,000,000,000
Fed budget: $3,820,000,000,000
Fed budget: $3,820,000,000,000
New debt: $1,650,000,000,000
National debt: $14,271,000,000,000
Recent [spending/budget] cuts: $38,500,000,000
Now, let’s remove 8 zeros from each total, and pretend that it is a household budget:
Annual family income: $21,700
Money the family spent: $38,200
New debt on the credit card: $16,500
Outstanding balance [owed] on the credit card: $142,710
Total [spending/budget] cuts: $385
