Any Housewife….

Lesson # 1:

* 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

 

Let’s 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

As I’ve always said, any housewife can budget better than congress and the administration.  Again this year they’ve spent more than a trillion dollars of your children’s and your grandchildren’s and great-grandchildren’s money.

 

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