I may not be a “math-magician” like some of our fellow Americans serving in the federal legislature, but something here just does NOT add up to me…
Some of you know I am a big fan of personal financial topics, and specifically budget coaching. Let’s take a look at how MY mind processes this federal debt ceiling debate:
• U.S. 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
• 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
Got it?
OK, now let’s remove 8 zeros and pretend it’s a household budget:
• Annual family income: $21,700
• Money family spent: $38,200
• New debt on credit card: $16,500
• Outstanding balance on credit card: $142,710
• Total budget cuts: $385
• Money family spent: $38,200
• New debt on credit card: $16,500
• Outstanding balance on credit card: $142,710
• Total budget cuts: $385
Am I the only one who can’t make this add up?
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