While there are enough Families with problems in their own household finances, the US Government really is in bad shape if you apply a "normal" view. #government #spending #data #visualization
Reshared post from +Joseph Pred
Here is why S&P downgraded the US credit rating.
• 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 let’s 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 the credit card: $142,710 • Total budget cuts: $385
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