“Why the U.S. credit downgraded… pretty simple math really;
Were ok aren't we?
• 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 cuts: $ 38,500,000,000
“Let’s now remove eight 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 the credit card: $142,710
• Total budget cuts: $385 ” – Anonymous Wow who do you trust?
Well the picture becomes a little clearer now doesn’t it
But Harry Reid, John Boehner and President Obama are looking out for you aren’t they?
