US goverment budget - SIMPLIFIED.

[Russ]

I love it when complex things are simplified so that we can
> understand.
>
> Check this out in less than 60 seconds.
>
> • United States 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, 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 credit card: $142,710
> • Total budget cuts: $385


Please don't turn this into a political thread, it's suppose to be funny, sorta ummm, well maybe. I don't know, just don't turn it into a political thread. Thanks.

[DaveP]

Wow. That really puts things into perspective. A family living like that wouldn't last long.

[LBKB]

Very sad

[Nishu]

I think The 385 must be the figure from he last budget showdown. I haven't heard such a number lately.

Btw, for those who aren't watching the news, we are again, for at least the third time this year, at risk of a government shutdown. We are 5 days from the new fiscal year and have now budget. This time, rather than fighting over specific figures, they are fighting over disaster relief funding.

[shoiji]

Just think, if FV ran the spending we would rule the world!!!! BBBAAAAAAAHHHHHHHHHHHH

[MrsHutto]

How awesome, Russ!

THIS is perfect for some not-so-bright-folks that I know.

[mh3rdwheel]

I love it when complex things are simplified so that we can
> understand.
>
> Check this out in less than 60 seconds.
>
> • United States 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, 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 credit card: $142,710
> • Total budget cuts: $385


Please don't turn this into a political thread, it's suppose to be funny, sorta ummm, well maybe. I don't know, just don't turn it into a political thread. Thanks.

If the fed gov would be like you there would be no debt, I am a democrat (or was) I would vote for anyone. Maybe you or someone on fv should run, I would vote for you.

[mh3rdwheel]

I think The 385 must be the figure from he last budget showdown. I haven't heard such a number lately.

Btw, for those who aren't watching the news, we are again, for at least the third time this year, at risk of a government shutdown. We are 5 days from the new fiscal year and have now budget. This time, rather than fighting over specific figures, they are fighting over disaster relief funding.

Vote everyone out of office and start fresh.

[NicJean]

Saw this somewhere else, coupla weeks ago - sad, isn't it? And people still don't see the poopy-doo we're in . . .

[nodmicks]

EEEEKKK is all I can say!

[cheryl65]

Its just ridiculous!

[Josephhgoins]

Its just ridiculous!

I could not agree more!

not getting political as per Russ's desires, but we need to cut spending, plain and simple.

I did the math months and months ago and came up with this

The current budget estimates around $1,500,000,000,000.00 deficit for this year. In other words the Government expects to spend that much more than they will make through taxes.

Through these deficits over the years we have managed to rack up $14,429,003,700,000.00 in debt

If this money was in $100 bills it would take 188 ea 50 foot box cars to move just the 2011 deficit alone. It would take over 1800 to move the total debt

If Bill Gates, the richest person in the US (second richest on earth) applied all of his money towards the 2011 deficit it would decrease by 4%. If Warren Buffet, the second richest person in the US (third on earth) applied all of his money towards this debt it would decrease by 3%. If Carlos Slim the richest man on earth applied all of his money towards it, the decrease would be 5%. If the three richest people on earth donated all of their money towards the US’s 2011 budget deficit it would decrease by a measly 12%.

Every man, woman and child in the US owes about 50,000. Each Taxpayer owes about $125,000

Unless something really big changes a huge depression is coming and soon.

[frugal is fun]

Annual family income: $21,700
> • Money the family spent: $38,200
> • New debt on the credit card: $16,500
> • Outstanding balance on credit card: $142,710
> • Total budget cuts: $385

okay so if this were my personal finances, what would I or what could I do?

I would try to get another job or increase my income, which in the real situation would mean to raise taxes. I would also cut my personal spending down to bear bones, in the real situation it would be cutting services to all US citizens that are basically not life threatening.

so basically as citizens of this country, we would be paying ALOT more for ALOT less for ALONG time......which is what best case scenario?

[DaveP]

not getting political as per Russ's desires, but we need to cut spending, plain and simple..

And raise taxes.

[Daisygirl]

Wow. Chilling in it's simplicity.

That really dumbs it down - thanks!