From a friend …<\/p>\n
Pretty good explanation for those that do NOT see a problem with the Unites States finances, or, have a hard time grasping the big numbers.<\/p>\n
The five lines below tells us where U.S. financial woes come from:<\/p>\n
Analogy for those that felt the S & P was too strict and out of line…<\/p>\n
Why the US was downgraded…<\/p>\n
\u2022 U.S. Tax revenue: $2,170,000,000,000
\n\u2022 Fed budget: $3,820,000,000,000
\n\u2022 New debt: $ 1,650,000,000,000
\n\u2022 National debt: $14,271,000,000,000
\n\u2022 Recent budget cut: $ 38,500,000,000<\/p>\n
Let’s remove 8 zeros and pretend it\u2019s our \u201cown household\u201d<\/span> budget:<\/p>\n \u2022 Annual family income: $21,700. This pretty much makes it \u201cVery Clear\u201d don\u2019t you think?<\/p>\n From a friend … Pretty good explanation for those that do NOT see a problem with the Unites States finances, or, have a hard time grasping the big numbers. The five lines below tells us where U.S. financial woes come … Continue reading
\n\u2022 Money the family spent: $38,200.
\n\u2022 New debt on the credit card: $16,500.
\n\u2022 Outstanding balance on the credit card: $142,710
\n\u2022 Total budget cuts: $385.<\/p>\n\n\n
\n <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"