#ReleaseTheMemo

#ReleaseTheMemo
212-224-3121

Sunday, September 18, 2011

Let's pretend...

I love it when complex things are simplified so that we can all understand.


Check this out in less than 60 seconds.

• United States 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 cut: $ 38,500,000,000

Now, remove 8 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 credit card: $142,710
• Total budget cuts: $385

Sorta brings the issue "home" doesn't it?

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