Finances - Will this influence how you vote?

October 10th, 2011 · No Comments

This comes from an email circulating around.

Sometimes we need to pull these government things into focus by comparing them with our local situation.  The numbers below do a great job in showing the latest "spending cuts" in understandable terms.  Is Washington doing a great job to reduce the debt burden?? 

Remove 8 (EIGHT) zeros???
Where does all the money go?? 
Don't see it in my bank account.
Interesting perspective....

U.S. income: $2,170,000,000,000
Federal 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

Mind boggling numbers, to be sure.

But remove eight zeros and look at them as a family budget

Total annual income for the Jones family: $21,700

Amount of money the Jones family spent: $38,200

Amount of new debt added to the credit card: $16,500

Outstanding balance on the credit card: $142,710

Amount cut from the budget: $385

Tags: Mortgage Market

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