THE FEDERAL BUDGET- FAMILY BUDGET- SIMPLIFIED SO ANYONE CAN UNDERSTAND IT! Stossell

[carol ann parisi]

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.