U.S. Federal Budget as a Household Budget

The U.S. Federal Budget as a Household Budget A simplified look at the 2012 U.S Federal Budget as if it were the budget for an average American household. $2,450,0XX,XIXX,000 U.S. Tax Revenue = $24,500 %3D Household Income Money the Family Spent $35,400 New Credit Card Debt $10,900 +$148,000 Previous Balance 1234 S78 Total Credit =$158,900 Card Debt Family Spending Budget Cuts $590 (1.7%) Total Family Spending Federal spending is limited by the Debt Ceiling Increased Spending Higher Debt Ceiling Decreased Dollar Value The U.S. needs a solid, stable Gold Standard dollar Gold Standard Stable Dollar Stable Debt Ceiling Decreased Federal Spending www.TheGoldStandardNow.org References: 1. Congressional Budget Office, Monthly Budget Review Fiscal Year 2012, http://www.cbo.gov/publication/43656 2. U.S. Government Accountability Office, Fiscal Year 2011 Financial Report, http:/ww.gao.gov/financial/ly2011/11frusg pdf 3. The Gold Standard Now, http://www.thegoldstandardnow.org