Friday, November 18, 2011

Making the Budget Understandable---and Unforgivable!

A friend sent me the following illustration that cuts through the media confusion and political rhetoric of our politicians on the economy and the budget. Why is it so hard for the folks in Washington to understand?

I love it when complex things are simplified so that we can all understand.

Check this out in less than 60 seconds.
. 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, 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 credit card: $142,710
. Total household
budget cuts: $385
Sorta brings out the issue, doesn’t it...??


Mark said...

They can't agree to cut 545 billion from deficit spending over 10 years, which is nothing. Which would leave us with an extra 14.5 trillion in debt over 10 years instead of 15.0 trillion. This feels like Gods judgement upon our nation.

ChosenRebel said...

I keep praying for the nation, but I wonder sometimes if we haven't passed the tipping point for cultural disaster and judgment from God.

What would happen to an employee who failed to meet a critical deadline on two successive attempts like our congress has?

They would be fired.