Drop 8 Zeros


I received this in an email a while back. I don’t know exact the numbers as of now, but this serves as an example of budgeting. Even the big guys need to budget.

The U.S. Congress sets a federal budget every year in the trillions of dollars. Here’s a breakdown of federal spending in simple terms.

The federal budget:

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)

 

Let’s put it in perspective:

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 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 the budget: $385

 

 

 

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