Sunday, December 30, 2012

WNU Editor: Why I Am 100% Sure That Massive Cuts In The U.S. Defense Budget Are Going To Occur

US Budget For Dummies

From my inbox, submitted without comment.

* 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 so far: $38.50

Make sense now?

WNU Editor: From Hot Air

My Comment:
The sad part is that even if the US defense budget is cut 100% .... the U.S. debt is still climbing at an unsustainable rate.

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