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
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