I also read an interesting article on our national debt.
It took eight 0's off the actual debt to compare it to a household
budget. Here's what it looked like...
U.S. annual tax revenue: $2,340,000,000,000
Federal annual spending budget: $3,590,000,000,000
New annual debt from overspending this year:
$1,250,000,000,000
National debt: $15,400,000,000,000
Last year's budget cut by Congress: $38,500,000,000
-Now remove 8 zeros and pretend it's a household budget-
Annual income: $23,400
Budget: $35,900
New debt added to credit cards: $12,500
Outstanding balance on credit cards: $154,000
Total cuts to the family budget: $385
Do you think we have a problem?
