U.S. must become fiscally responsible
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November 8, 2012 8:00 PM
Fiscal responsibility: “What the bleep.”
In the simplest terms:
• U.S. 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 cut: $38,500,000,000
Remove eight zeros and pretend it’s a household budget:
• Annual family income $21,7000
• Money the family spent: $38,200
• New debt on the credit card: $16,500
• Outstanding balance on the credit card: $142,710
• Total budget cuts: $385
MICHAEL HELLMAN
Sandpoint