The US debt explained in video (without the FED)

Discussion in 'Current Events' started by Just_another_day_at_work, Jan 28, 2012.

  1. 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 cuts: $ 38,500,000,000
    Family version:
    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: $142,710
    Total budget cuts: $385

    DEBT LIMIT - A GUIDE TO AMERICAN FEDERAL DEBT MADE EASY. - YouTube