A DAY OR SO IN MY LIFE! WHO CARES?: FROM THE WASHINGTON CABINET TO YOUR KITCHEN TABLE

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Tuesday, November 13, 2012

FROM THE WASHINGTON CABINET TO YOUR KITCHEN TABLE

This cuts thru all the political doublespeak we get. It puts it into a much better perspective. Lesson # 1: * 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:... Sign in to see full entry.

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