I received this in an email this morning…written by someone else, and forwarded on down line. Thought I would share and would LOVE your comments!! I’m not sure about you, but I think I would be in bankruptcy court. No wonder our credit rating was down graded!

The U.S. Congress sets a federal budget every year in the trillions of dollars and few People know how much money that is. So here is a breakdown of federal spending in simple terms:

U.S.Annual Income: $ 2,170,000,000,000
Federal 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

It helps to think about these numbers in terms that we can relate to. Therefore, remove the eight zeros from these numbers and look at this as a household budget for an American Family:

Annual Income for the family: $ 21,700
Amount of money the family spent: $ 38,200
New debt added to the credit card: $ 16,500
Outstanding balance on the credit card: $142,710
Amount cut from the family budget: $ 385

So, in effect last month Congress, or the American Family, sat down at the kitchen table and agreed to cut $385 from their annual budget. What American Family would cut $385 of spending in order to solve a $16,500 in deficit spending? And now, after years of this reckless spending, the American Family has $142,710 of debt on its credit card (which is the same for the national debt).

You would think that the American Family would recognize and address the situation. But it does not……..and neither does Congress.