These examples have been floating around for a few weeks but I find them rather striking when put into real life examples and reduced to numbers we all can relate to...
Debt ceiling debate in a nutshell … or two *
US Tax Revenue. $2,170,000,000,000
Federal Budget. $3,820,000,000,000
Deficit. $1,650,000,000,000
National Debt. $16,455,000,000,000
Recent budget cuts. $38,500,000,000
Now, let’s remove 8 zeroes from the above, and use it as a household budget
Annual income. $21,700
Bills. $38,200
New credit card debt. $16,500
Family debt. $164,550
Family belt tightening. $385.00
Solution? Call VISA and ask for increase in credit limit
* reasonable approximations from a given point in time.
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