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John's Blog

Sunday, September 18, 2011

Kicking the Can Down the Road

Is this the sun setting on the US economy?

You may have seen this. It's a real eye opener and puts some really big numbers into perspective.
Our United States Congress sets a federal budget each year in the trillions of dollars. Few of us know just how much money that is.
This will bring some perspective to the brilliant use of our money by those we elected to represent us.
Federal Budget: $3,820,000,000,000
US Income: $2,170,000,000,000
New Debt Incurred: $1,650,000,000,000
Our National Debt: $14,271,000,000,000
Recent Budget Cut: $38,500,000,000

Putting that in more understandable terms, let's consider a family in financial crisis and see what they've decided to do to get the mess under control. By just removing eight zeros, we can put these numbers in more reasonable terms.
Family Expenditures: $38,200
Family Income: $21,700
New Debt: $16,500
Existing Credit Card Debt: $142,710
Budget Cut: $385

Reducing that even further, down to the level of an artist who sells a painting now and then, think of it this way.
Recent Art studio expenses (Canvas, stretcher bars, turp, frame,
and paint brushes): $382
Painting sales: $217
Art Studio Debt: $165
Existing Credit Card Debt: $1,427
Budget Cut ( 1 - Robert Simmons White Sable Long Handle Brush - Series 760 Bright - Size 1): $3.48...with tax $3.85
Makes sense to me.

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