(Lake Martin Specific)
111,181 messages
Updated 6/5/2024 10:38:09 AM
Lakes Online Forum
83,651 messages
Updated 6/6/2024 4:31:05 AM
Lakes Online Forum
5,196 messages
Updated 6/5/2024 11:03:19 PM
(Lake Martin Specific)
4,171 messages
Updated 5/29/2024 10:51:34 PM
Lakes Online Forum
4,169 messages
Updated 4/15/2024 11:05:05 PM
Lakes Online Forum
4,261 messages
Updated 5/28/2024 6:31:10 AM
Lakes Online Forum
2,976 messages
Updated 3/20/2024 11:53:43 PM
(Lake Martin Specific)
169 messages
Updated 5/31/2023 1:39:35 PM
Lakes Online Forum
98 messages
Updated 4/15/2024 1:00:58 AM
|
|
|
|
Name:
|
lotowner
- 
|
|
Subject:
|
Budgeting Process
|
|
Date:
|
9/5/2011 4:23:35 PM
|
|
The U.S. Congress sets a federal budget every year in the trillions of dollars. Few people know how much money that is so we created a breakdown of federal spending in simple terms. Let's put the 2011 federal budget into perspective:
• U.S. income: $ 2,170,000,000,000
• Federal 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 (about 1 percent of the budget)
It helps to think about these numbers in terms that we can relate to. Let's remove eight zeros from these numbers and pretend this is the household budget for the fictitious Jones family.
• Total annual income for the Jones family: $ 21,700
• Amount of money the Jones family will spent: $ 38,200
• Amount of new debt added to the credit card: $ 16,500
• Outstanding balance on the credit card : $142,710
• Amount cut from their budget: $ 385
And that, boys and girls, is why our credit rating was downgraded!
|
|
Reply
Back
Search
Off-Topic Forum
»
Alabama Lakes
»
Lake Martin
Login
|
Home
