The budget explained in simple English.
- United States 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
Now, remove 8 zeros and pretend it’s a household budget:
- Annual family income $21,700
- Money the family spent $38,200
- New debt on the credit card $16,500
- Outstanding balance on credit card $142,710
- Total budget cuts which some politicians are proud about $385