Friday
Dec092011
Shocking News - The US financial situation simplified
December 9, 2011
The US financial situation simplified: This makes it very easy to understand the present situation. This country won't be able to go another four years at this rate. How those in charge can't see this is a total mystery.
Why the U.S. was downgraded:
• 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: $385
