If the vast majority of Americans could understand how our government is destroying this country with out of control spending we could actually make a change. This simple analogy puts it in perspective.
John Stossel's Take.
"The US budget explained in simple English. I love it when complex things are simplified so that we can all understand."
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 cuts: $38,500,000,000
Now remove eight zeros and pretend it's your household budget.
Annual family income: $21,700
Money the family spent: $38,200
New debt on the credit card: $16,500
Outstanding balance on credit card: $142,710
Total budget cuts: $385
The $385 in budget cuts represents what many of our politicians and board members are proud of.
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