It seems that just about nobody knows what a trillion-dollar national debt really means. In a recent survey, only 21% of people correctly stated how many zeroes were in a trillion – about how many would have gotten it right if everyone had guessed at random. Perhaps that’s because, to the average American, the $15 trillion national debt number has been kicked around so much it’s become meaningless.
To return some perspective (and sanity) to the issue, the Gainesville Tea Party took some key national financial stats and simply lopped off 8 digits from the end of each one. This effectively divides each number by 100 million, making them more relatable. Since all the numbers are divided by the same factor, the proportions stay the same, and we can make a valid comparison between the actual federal budget and a hypothetical “national” household budget.
The numbers we derive from these calculations are startling. See for yourself:
Actual US Federal Budget
U.S. Tax revenue: $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 [April] budget cut: $ 38,500,000,000
“National 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
Budget cuts: $385
That last number might be the most painful to see. To combat the $16,500 credit card bill we create every year, we will spend $385 less? The tragedy is that many liberals feel like these cuts are already too much. In actuality, they are nowhere close to where they need to be. We can’t even say we’re moving in the right direction… because we aren’t moving!
So who will be left holding the bag when the movers come to foreclose on the house and impound the car? Not the parents – they’re long dead. Instead, it’ll be the kids who will have to find some way out of the dig themselves out of a massive hole. And unless things change, those kids will be us.
Is anyone else out there as mad about this as I am? Some of us can’t even vote yet, and we’re already getting huge piles of debt heaped upon us! Maybe I’m just crazy, but I think this has to stop! Do you agree with me? Or have I finally lost it? Have your say in the comments.