A $S,000,bering Analysis of the US Budget

A $S,000,bering Analysis of the US Budget 

This has been floating around the internet and social media sites for a bit of time, but I thought I would blog it here --- just because it's such a helpful perspective.

The U.S. Budget explained in simple English:

• United States 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

Now remove 8 zeroes 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
• Family's "Belt Tightening":                             $385

Of course I understand that the US cannot run its budget as does a family.  I'm not even suggesting that the nation's budget should be balanced at all times --- things aren't that simple and I'm not trying to make a case that they should be.  However, this striking example takes the numbers out of the realm of incomprehension and so it's valuable for all of us to consider the next time we step into the polling place.

Congress needs to know we are watching and we care.  About housing, about finance AND about housing finance.

Robert J. Spinosa Home Loan Professional DRE: 01297944 NMLS: 22343 591 Redwood Hwy. Suite 1150 Mill Valley, CA 94941 877.270.5959 Toll Free 415.367.5959 Cellular 415.366.1590 eFax rspinosa@rpm-mtg.com