Putting things into perspective by removing 8 zeros
It’s amazing what simple math can show:
An analysis of the numbers below
reveals why the average household
budget is far better managed than
the budget in Washington!
-Why S&P downgraded the US credit rating
• 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 cut: $ 38,500,000,000
Now, let’s 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
I think we just proved that the average housewife (or husband) is far more fiscally qualified than 90%+ of our Congressmen!
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David Conley
David is a partner at Smith, Conley & Associates, PC. In addition to writing and tax consulting, he is active in the pro-life community serving as President of the Fayette County Right to Life chapter of Georgia Right to Life.
He is also a founding Board Member and Finance Director of the Fayette Pregnancy Resource Center and serves on the Board of the National Equal Rights Institute.
He is also a founding Board Member and Finance Director of the Fayette Pregnancy Resource Center and serves on the Board of the National Equal Rights Institute.
Latest posts by David Conley (see all)
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Our cheat sheet guide to tax reform
- March 16, 2019 - March madness-tax humor:
Bracket can be in the eye of the beholder
- March 10, 2019
