01 September 2011

America's Suicidal Fiscal Insanity in Terms Even Joey Plugs Could Understand . . .

The deficit's gone ballistic- 
but it's hardly rocket science:


Annual U.S. Tax revenue: $2.17 trillion         
        -Fed budget:             $3.20 trillion        

Incremental debt this year$1.65 trillion

Cumulative national debt:    $14.27 trillion

Recent Obama/Boehner budget cuts: $ 38.5 million
________________________________________

Ah, but if you remove 8 zeros it's (tellingly) 
comparable to a modest family budget....

Annual family income: $21,700
                   -spending      $38,200     

New 2011 debt on the ole credit card: $16,500

Outstanding balance on the credit card(s): $142,710

Total budget cuts: $385 (!)

Pathetic... and as predicted by Michele Bachmann-  
we didn't actually get any real cuts at all.... nothing



1789project   CSM   h/t Kirby

1 comment:

Anonymous said...

We are SCREWED

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