The Nations current economic policies! Heading toward bancruptcy like Greece.

Posted on October 5, 2012 
Filed Under Township News

Let’s take a quick look at the current President’s economic policies:

* 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: $16,271,000,000,000
* Recent budget cuts: $ 38,500,000,000

Let’s now remove 8 zeros and pretend it’s a 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: $162,710
* Total budget cuts so far: $3.85

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