FEDERAL BUDGET-DO THE MATH

LET'S DO THE MATH IN SIMPLE TERMS

   I was listening to the Michael Berry talk show on KTRH radio in Houston, Texas when he referenced this common sense math from Michael's Reganomics 101 dated August 14, 2011.  You can adjust the numbers to the latest numbers coming out of Washington:

"I may not be a “math-magician” like some of our fellow Americans serving in the federal legislature, but something here just does NOT add up to me…
Some of you know I am a big fan of personal financial topics, and specifically budget coaching.  Let’s take a look at how MY mind processes this federal debt ceiling debate:

• U.S. Tax revenue: $2,170,000,000,000
• Fed budget: $3,820,000,000,000
• New debt: $ 1,650,000,000,000
• National debt: $14,271,000,000,000
• Recent budget cut: $ 38,500,000,000

 

Got it?

OK, now let’s remove 8 zeros and pretend it’s a household budget:

• Annual family income: $21,700

• Money family spent: $38,200
• New debt on credit card: $16,500
• Outstanding balance on credit card: $142,710
• Total budget cuts: $385

Am I the only one who can’t make this add up?"

   This makes it understandable for those of us who don't have budgets with so many zeros.  This is what our Congressmen should be vetoing.  By the way, this Administration has not actually passed a budget since they took office. 

You are invited to visit Oma at http://omaslife.blogspot.com/ for everyday topics, http://omaswisdom.blogspot.com/ for Bible reading, and http://omashealth.blogspot.com/ for health related issues.  You may remain anonymous to leave comments.