Monday, 9 January 2012

US Debt problem made simple

This appeared on Facebook a little while ago but is excellent for high lighting the depth of the problem.

US tax revenue $2,170,000,000,000
Fed budget $3,820,000,000,000
New debt $1,650,000,000,000
Total debt $14,271,000,000,000
BUDGET CUTS $38,500,000,000

Converted in to a families house hold bills by removing 8 zeros

Income (wages) $21,700
Family spend $38,200
New debt(credit cards) $16,500
Total debt $142,710
BUDGET CUTS $385

Dont think I need to say anymore...

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