From TheoSpark.net by Filippo who lives in The Philippines:
This below states the USA financial position succinctly:
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 cut: $38,500,000,000
Now just remove 8 zeroes and pretend it is 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 the credit card: $142,710
Total budget cuts: $385
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