Here's the current U.S. federal budget in a nutshell:
U.S. annual tax revenue -- $2,340,000,000,000
Federal annual spending budget -- $3,590,000,000,000
New annual debt from
overspending this year -- $1,250,000,000,000
National debt -- $15,400,000,000,000
Last year's budget cut by Congress -- $38,500,000,000
If you're like me, those numbers just kind of go Whoooosh! over my head.
Now, remove 8 zeros and pretend this is your household budget:
Annual family income -- $23,400
Money the family spends annually -- $35,900
New debt added to credit cards this year -- $12,500
Outstanding balance on credit cards -- $154,000
Total cuts to the family budget -- $385
Now those are figures I can understand! How long could you operate your household with that kind of budget? No wonder our nation is in trouble! Just another reason to lift our nation and its leaders up in prayer...