Financial House of Cards

  • • 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 cut: $ 38,500,000,000

    Now let’s 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

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