The U.S. Budget simplified…

– I don’t know if this is really accurate – but I enjoyed it.

– dennis

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The U.S. Congress sets a federal budget every year in the trillions of dollars.  Few people know how much money that is so here is a breakdown of federal spending in simple terms.

 Let’s put the 2011 federal budget into perspective:

    U.S. Income:                   $  2,170,000,000,000

    Federal 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 (about 1 percent of the budget)

 It helps to think about these numbers in terms that we can understand.  

Therefore, let’s remove eight zeros from these numbers and pretend this is the household budget for the “Jones” family:

    Total annual income for the Jones family:         $ 21,700

    Amount of money the Jones family spent:         $ 38,200 

    Amount of new debt added to the credit card: $ 16,500 

    Outstanding balance on the credit card:              $142,710

    Amount cut from the budget:                                      $ 385

Yep, that about sums it up.

– research thanks to Van

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