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 spends: $38,200
New debt on
the credit card: $16,500
Outstanding
balance on the credit card: $142,710
Total budget
cuts: $385
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