Makes you cry doesn't it?
Why the U.S. was downgraded:
· 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 cuts: $ 38,500,000,000
Let's 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 the credit card: $142,710
· Total budget cuts: $385
I tell you, BO is really really bad at math.
