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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 References: 1. Congressional Budget Office, Monthly Budget Review Fiscal Year 2012, 2. U.S. Government Accountability Office, Fiscal Year 2011 Financial Report, http:/ pdf 3. The Gold Standard Now,

U.S. Federal Budget as a Household Budget

shared by kathoderay on Dec 20
The U.S. Federal Budget can be difficult for the average American to relate to since it deals in billions and trillions of dollars. This infographic scales those numbers down to a more familiar and ma...


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