Letters: Putting the national budget in context

A reader puts the national budget in the context of a household budget.
Graphic: Winters Express
Graphic: Winters Express

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This information was found on the internet. The article notes that these numbers are from 2011. I believe this is still relevant if one used percentages. I believe most folks will be very surprised and clearly this is unattainable trajectory. This is “trillions” of dollars.

Some stats about the US government:

    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 cuts: $ 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 the credit card: $142,710

    Total budget cuts: $385

Don Jordan


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