Monday, December 31, 2012

US Budget in terms of Household income

via Hot Air:

* 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 cuts: $ 38,500,000,000


Let’s 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 the credit card: $16,500
* Outstanding balance on the credit card: $142,710
* Total budget cuts so far: $385


Scaling the numbers so that family income matches 2011 median family income:

* Annual family income: $50,502.00
* Money the family spent: $88,902.14
* New debt on the credit card: $38,400.14
* Outstanding balance on the credit card: $332,126.29
* Total budget cuts so far: $896.00