The Budget Crisis

THE BUDGET WHEN THIS COUNTRY'S COMPLICATED FINANCIAL DILEMMA IS SIMPLIFIED, THE TRUTH BECOMES CLEARER. AND THE REALITY CRISIS IS FRIGHTENING. OUR COUNTRY NEEDS TO BE RESPONSIBLE FOR ITS DEBT. THE NATIONAL DEBT EQUATES TO $44,900 PER UNITED STATES PERSON OF THE U.S. POPULA- TION, OR $91,500 PER MEMBER OF THE U.S. WORKING THE U.S. NATIONAL POPULATION, AS OF DEBT INCREASED FROM DECEMBER 2010. $10.7 TRILLION IN 2008 TO $14.2 TRILLION BY FEBRUARY 2011. $14,271,000,000,000 $4 $3,820,000,000,000 $2,170,000,000,000 $1,650,000,000,000 $4 %$4 %$4 $38,500,000,000 U.S. TAX REVENUE FEDERAL BUDGET NEW DEBT NATIONAL DEBT RECENT BUDGET CUT REMOVE 8 ZEROS NOW LET'S PRETEND IT'S A PERSONAL BUDGET PERSONAL THE NATIONAL DEBT HAS CONTINUED TO INCREASE AN AVERAGE OF$3.96 BILLION PER DAY SINCE SEPTEMBER 28, 2007. $142,710 %$4 $38,200 $21,700 $16,500 %24 $385 %$4 %$4 ANNUAL INCOME MONEY YOU'RE SPENDING NEW DEBT ON OUTSTANDING BALANCE TOTAL BUDGET CUTS CREDIT CARD ON CREDIT CARD TO HELP SAVE MONEY LESSON: IF YOU MUST HAVE DEBT, USE IT AS LEVERAGE, NOT A LIFELINE. SOURCES: HTTP://MONEY.CNN.COM/2011/04/12/NEWS/ECONOMY/2011_BUDGET_CUTS/INDEX.HTM HTTP://EN.WIKIPEDIA.ORG/WIKI/UNITED_STATES_FEDERAL_BUDGET VNTRS HTTP://WWW.BRILLIG.COM/DEBT_CLOCK/