National Debt

A simple look at our national debt, pulled from a Van Diest newsletter, Bob Van Diest says it like it is.

United States Tax Revenue                                        2,170,000,000,000
Federal Budget                                                          3,820,000,000,000
New Debt Added This year                                       1,650,000,000,000
National Debt                                                          16,271,000,000,000
Recent Budget cut                                                          38,500,000,000

Now remove the 8 zeros and pretend it's a household budget

Annual Family Income                                                        21,700
Money family spends per year                                             38,200
Annual Debt added to Credit cards                                     16,500
Old Credit card debt                                                         162,710
Family budget cut                                                                     385

Now these numbers are about a month old, but you can see that we have a problem at the national level, I wonder how much longer we have until a "reckoning" ! I'm going to see how school numbers work in this format, we currently we are just overspending considering our revenues and aren't over on the credit card limit, but within a couple years that will change. The columns just don't line up all that well, and I tried to fix that, but you can figure it out.