August 24, 2011

Budget Comparison

I don't know who wrote this originally. If I find out, I'll add their name in an update. My father sent it to me in an e-mail that he got from a friend, and well, instead of forwarding it around I thought it would be better to put it here.

The U.S. Congress sets a federal budget every year in the trillions of dollars. Few people know how much money that is so we created a breakdown of federal spending in simple terms. Let's put the 2011 federal budget into 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 (about 1 percent of the budget)

It helps to think about these numbers in terms that we can relate to. Let's remove eight zeros from these numbers and pretend this is the household budget for the fictitious Jones family.

•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

So the next time some delusional, half-crazed entitlement-loving Democrat or RINO comes around telling you that the "Tea Party Terrorists" are responsible for our national credit rating being downgraded, just give them the link to today's post.