[ PRINT ]

The federal budget in terms we can relate to!


I received this in an email.  Such a simple way to make sense of the trillions of dollars.  Whether or not the numbers are exact, the scale certainly is.

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.   Therefore, 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

Is this how you manage your family finances?  If so – you have a problem and need to work on it.  But the government’s financial state is untenable.   And they’re spending OUR money.

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