Local Real Estate Comments and Ramblings

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Federal spending - simplified


So what's 8 zero's among friends....  take the zeros off the federal budget and look at like a household.

With the recent budget battles in Washington and more budget battles on the near horizon some people might wonder what all the fuss is about.   It's all billions and trillions and a whole lot of zeros.  I think this illustration really brings it home to show just how unsutainable out national spending habit is.






 • 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

............

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

When you look at it in those terms I think it makes it easier for the average american to see just how out of control government spending is.  

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Bob Southard
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Comment balloon 5 commentsBob Southard • September 24 2011 05:28PM

Comments

Congratulations - This post is now featured in Silent Majority Group of Active Rain!

Posted by Broker Nick, Broker Nick Relocation Broker Service (South Florida Real Estate & Development, Inc.) almost 7 years ago

Wow, what a great post and a great visual, the cuts are nothing are they, can we just vote them all out this November, why wait!!!!

Posted by Mary Macy, Top Agents Atlanta Metro (Top Agents Atlanta Metro) almost 7 years ago

Since I have no faith whatsoever in our two party system, all I can see is more of the same, they both stay in power, both rake in millions in campaign donations to do the same thing, and the average american take the loss.  I am past believeing in hope and change for both parties. Our forefathers had it right, remove the government.

 

Posted by Dale Terry almost 7 years ago

Great post Bob, all the politicians care about is getting re-elected so we need to get some people in there who just want to do the right thing and go home.

Posted by Al Raymondi, Ormond By The Sea Florida - Home and Condo Sales a (Ocean View Realty Group in Ormond By The Sea Florida) almost 7 years ago

This first came out in the 30's by Republicans who were trying to demonstrate that we were not getting anywhere.

My analogy is taking water from one end of the pool to put it back into the other!

Great post.

Posted by Jay Markanich, Home Inspector - servicing all Northern Virginia (Jay Markanich Real Estate Inspections, LLC) almost 7 years ago

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