Saturday, October 15, 2011

Where We Are Right Now - US Government Debt Obligations

There can be a debate about whether we have a revenue problem or a spending problem?
This is the state we are currently in.
This will open your eyes as to what kind of trouble America is in.

Quick and simple analysis. One of the best I have seen.

Kinda puts it all into perspective.

� 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 cut: $38,500,000,000

………………………………………………………………………………

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 credit: $16,500
� Outstanding balance o f credit: $142,710
� Total budget cuts: $385

Would you still agree to spending more? Will you vote for people who think you should spend more?

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