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Numbers game

Numbers game

With the "fiscal cliff" resolved, let's put the issue into a perspective we can understand. The amounts are a compilation from the usual suspects i.e. the White House, the Senate and the House of Representatives:

U.S. tax revenue: $2,200,000,000,000

Federal budget: $3,800,000,000,000

New debt: $ 1,650,000,000,000

National debt: $14,270,000,000,000

Budget cuts: $650,000,000,000

Remove eight zeros from the above figures and apply to a household

Annual income: $22,000

Money spent: $38,000

New credit card debt: $16,500

Outstanding balance on credit card: $142,700

Budget cuts: $6500

Kelvin Kolb