What If This Was Your Household Budget?
In that vein (you’ve seen similar comparisons before), we present the following as a continuing — and up-to-date — public service announcement:
Current Federal Revenue: $ 3,200,000,000,000
Current Federal Budget: $ 3,280,000,000,000
New Debt: $ 620,000,000,000
Total National Debt: $ 19,270,000,000,000
Budget Cuts: $ 38,000,000,000
To translate these numbers to something more manageable, cut out the last 8 zeroes and look at the numbers as if they were your household budget:
Your Salary $ 32,000
Your Family Spending $ 38,200
New Credit Card Debt: $ 6,200
Total Outstanding Debt: $ 192,700
Budget Cuts: $ 380
Makes it quite easy to understand the folly of the Obama Economy for the last 8 years, doesn’t it?