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
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Ah, but if you remove 8 zeros it's (tellingly)
comparable to a modest family budget....
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
Pathetic... and as predicted by Michele Bachmann-
we didn't actually get any real cuts at all.... nothing
1789project CSM h/t Kirby
