Why Standard & Poor’s downgranded the U.S. credit rating!

Wednesday, 10 August 2011

• Fed spending: $ 3,820,000,000,000
• Tax revenue: $ 2,170,000,000,000
• New debt: $ 1,650,000,000,000
• Current debt: $14,271,000,000,000
• Expenses cut from ‘The Budget’: $ 38,500,000,000

Remove 8 zeros; pretend it’s the family’s budget:

• Money family spent: $ 38,200
• Money family earned: $ 21,700
• New debt we owe people: $ 16,500
• Total money we now owe people: $142,710
• Expenses we’ve decided to cut: $385

Maybe it’s time to keep money in the hands of the people rather than politicians?


Thanks to a close friend for sending this in!

One Response to “Why Standard & Poor’s downgranded the U.S. credit rating!”

  1. luchadora Says:

    This is great, Walt, thanks! Lol, taking away all those zeros helped me understand it so much better! (Math was my worst subject)🙂

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