U.S. Debt as a Household Budget

Worth repeating:

Debt ceiling debate in a nutshell … or two *

US Tax Revenue. $2,170,000,000,000
Federal Budget. $3,820,000,000,000
Deficit. $1,650,000,000,000
National Debt. $14,271,000,000,000
Recent budget cuts. $38,500,000,000

Now, let’s remove 8 zeroes from the above, and use it as a household budget

Annual income. $21,700
Bills. $38,200
New credit card debt. $16,500
Family debt. $142,710
Family belt tightening. $385

* reasonable approximations from a given point in time.

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