Monday, March 11, 2013

DEBT, DEBT, DEBT

SPECIAL POST

Here's an interesting chart from NEWSMAX Magazine that I have modified:

U.S. FEDERAL FINANCES:
   Tax Revenue                                  $2,449,000,000,000
   Expenditures                                 $3,538,000,000,000
   New Debt                                       $1,089,000,000,000
   National Debt                               $17,000,000,000,000
   Sequester Cuts                                   $85,000,000,000

Now, let's compare that to a family budget of $24,490 a year...

FAMILY BUDGET:
   Family Annual Income                                    $24,490
   Family Spending                                             $35,380
   New Credit Card Debt                                    $10,890
   Family Debt                                                  $170,000
   Annual Budget Cuts                                              $85

What's wrong with this picture? 

That's MY AMERICAN OPINION, respectively submitted. 

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