A friend of mine provided me with this pretty clear explanation of the great effort our Congress is taking to keep our nation in good financial shape; The 2011 Federal Budget Deal
Federal Budget: $3,820,000,000,000 (3.82 Trillion)
Income: $2,170,000,000,000 (2.17 Trillion)
New Debt: $1,650,000,000,000 (1.65 Trillion)
Amount Cut: $38,500,000,000 (38.5 Billion) – about 1% of the total budget.
Let’s Put This In Perspective.
Remove the zero`s and pretend this is a monthly budget for the Jones family.
Amount of money spent this month: $3,820
Total income this month: $2,170
Amount of new debt added to the credit card this month: $1,650
Outstanding balance on the credit card: $14,271 (national debt).
So last week, the “Jones’s” sat down at the kitchen table and agreed to cut $38.50 from their monthly budget ($462 a year).
A historic amount? No. It’s Tea Party Time.