Income of $21,000, debt of $143,000.... and counting

Consider a typical household or individual, who makes a relatively low income of $21,700 per year.

Now, what if that household racked up $16,500 on its credit card last year. We probably wouldn't consider that good money management.

On top of that, consider that the household credit card is already at $143,000!! We'd really question the wisdom of the credit card company that expends credit like that.

And finally, we learn that this household has only reduced its spending by a mere $385 -- hoping that will help solve the problem.

WELCOME TO THE U.S. GOVERNMENT!

By slashing the last 8 zeroes off of the current fiscal numbers in Washington, we get a fairly rough estimate of the extremely dire situation of a typical low-income family.


US GOVERNMENT BUDGET

Tax Revenue:         $2,170,000,000,000
Federal Budget:      $3,820,000,000,000
New Debt:              $1,650,000,000,000
National Debt:      $14,271,000,000,000
Recent Budget Cuts;    $38,500,000,000

US FAMILY BUDGET (8 zeros removed from government budget)

Annual Family Income:                                        $21,700
Money the family spent:                                      $38,200
New debt on credit card:                                      $16,500
Outstanding balance on credit card:                    $142,710
Total budget cuts so far:                                       $385