Thursday, January 12, 2012

I'm not about love; I'm about showing you the money!

In 2011, for the first time ever, the credit rating of the United States was downgraded.

To help explain in terms that should show financial irresponsibility, I submit the following ...

US Tax revenue ....... $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
New budget cuts .......... $38,500,000,000

Remove 8 zeros and pretend this is a family's situation.

Family income ........ $21,700
Money spent .......... $38,200
New CC Debt .......... $16,500
New CC Balance ..... $142,710
Budget cuts ............... $385

Would YOU loan that family money?

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1 Comments:

At 23 January, 2012 17:31, Blogger Brandalay said...

like

 

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