Here are the numbers.
* U.S. Tax revenue: $ 2,470,000,000,000
* Fed budget: $ 3,620,000,000,000
* New debt: $ 1,150,000,000,000
* National debt: $ 16,271,000,000,000
* Recent budget cuts: $ 38,500,000,000
Let’s now remove 8 zeros and pretend it’s a household budget:
* Annual family income: $ 24,700.00
* Money the family spent: $ 36,200.00
* New debt on the credit card: $ 11,500.00
* Outstanding balance on the credit card: $ 161,710.00
* Total budget cuts so far: $ 385.00
Does that make things clearer??
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