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Sunday, January 1, 2012

Federal Budget Explained

Total United States Federal Tax Revenue                   $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 Cuts                                                         $38,500,000,000

Now Remove 8 zeros and pretend it is a household budget.

Annual Family income                                                                    $21,700
Money the family spent                                                                  $38,200
New debt on credit card                                                                 $16,500
Outstanding debt on credit card                                                  $142,710
Money family was going to spend but now promises not to.                $385

Now I wonder why the federal government thinks they
deserve a top credit rating.