If the Federal Budget Were Your Family’s Budget…

Family Budget

At a time when many families are struggling to balance their own budgets, the federal government has been spending away.

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.

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Posted in The Modern Conservative
10 comments on “If the Federal Budget Were Your Family’s Budget…
  1. […] world would be felt in the financial sector. Billions of dollars of commodities and securities (and trillions of dollars of US debt) would suddenly become worthless. Even if it were possible to prevent an immediate global financial […]

  2. […] done in Washington is pretty much impossible – and forget any meaningful solutions to the gargantuan debt crisis, massive unemployment, or rising gas prices for at least the next year, because those require way […]

  3. […] not doing fine at all. Last month, the unemployment rate rose again to 8.2%, and the mounting national debt is creating a “fiscal cliff” that’s scaring away any potential for growth. In the […]

  4. […] not doing fine at all. Last month, the unemployment rate rose again to 8.2%, and the mounting national debt is creating a “fiscal cliff” that’s scaring away any potential for growth. In the […]

  5. […] year payment for basically nothing doesn’t make a whole lot of sense when we’ve got a $15 trillion dollar national debt to pay off. And on top of it all, subsidies, like taxes, can have a distorting effect on the market […]

  6. […] state governments. Only through tighter regulations on school spending and more government funding (which will actually just transfer the debt to the government, professor) can we save the children from the student loan […]

  7. […] mark a modest decline from the record $39.1 million he paid them in 2009, back at a time when the national debt was only $10.6 trillion and the unemployment rate was only 7.6%. But as one-time-Democrat Larry Kudlow pointed out, […]

  8. […] President, do you remember when we told you were spending too much? Looks like you should have been listening. Share this:TwitterFacebookEmailLike this:LikeBe the […]

  9. […] by DYNAMOpolitics If you don’t know how much I hate our $15 trillion debt, you haven’t been reading this blog […]

  10. […] their children. Paul Ryan is not one of those people. Quite the contrary, Mr. Ryan understands that entitlement spending is the biggest driver of our nation’s debt and that we need to do something about it. His budget plan isn’t perfect, but what […]

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