Why S&P downgraded - this puts it in perspective...
. U.S. Tax revenue: $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
Let's 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: $142,710
. Total budget cuts: $385
Heartwarming, isn't it...
This puts it into numbers that more of can comprehend. The federal government must curtail the spending.
Just hope we get some one knew in the White House that can look at these numbers and comprehend what they mean. Certainly the current occupant has no clue...
Just hope we get some one knew in the White House that can look at these numbers and comprehend what they mean. Certainly the current occupant has no clue...
Just hope we get some one knew in the White House that can look at these numbers and comprehend what they mean. Certainly the current occupant has no clue...
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