Why The U.S. Credit Rating Was Downgraded
idea
Date:
2013-08-25
This states it in simple terms. . 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 Let's 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
By Ryan Wold · © 2013–2026 Ryan Wold
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