The American Debt Crisis Explained Simply

Total US Tax Revenues:         $2,170,000,000,000

Federal Budget Expenditures: $3,820,000,000,000

New Debt to fund deficit:       $1,630,000,000,000

Present National Debt:          $15,000,000,000,000

Current Budget "cut":                  $38,500,000,000

If we look at these numbers based on a fairly typical American family, we get some perspective.

Annual Family Income:                              $43,400

Money the family spent:                            $76,400

New debt on the credit card:                      $33,000

Outstanding credit card debt:                   $300,000

Total budget current "cuts":                            $770

Think there is any chane that this family can repay $300,000 in credit card debt even a low interest rates?

Me neither.

Wake up America, we need to stop this massive spending machine and the congressmen that support it!