To put the whole budget deficit thing in perspective there is a letter floating around. Copy of the letter in pdf is attached. To put it in perspective.
Total income $21,700
Amount you spent $ 38,200
Amount of new debit added to credit cards $16,500
Outstanding credit card balance $ 142,710
Amount cut from the budget ($385)
Another way to understand it is very simple. Everyday the U.S. Government takes in 6 Billion dollars. Everyday we spend 10 Billion dollars.
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