Simple Way to View US Financial Woes

Let's see if I can simplify the US Deficit/Deb situation using the numbers provided here:  http://www.whitehouse.gov/sites/default/files/omb/budget/fy2012/assets/tables.pdf

 

2010 Tax Revenue:  $2,163,000,000,000

2010 Expenditures:  $3,456,000,000,000

 

2010 Deficit:  $1,293,000,000,000

2010 Debt:    $9,019,000,000,000

 

2012 Budget Cuts:  $38,500,000,000

 

Remove 8 zeroes to bring this down to what a household budget might look like:

 

2010 Salary:       $21,630

2010 Spending:  $34,560

 

2010 Amount added to debt:  $12,930

2010 Credit Card Debt:  $90,190

 

2012 expense reduction we're proud of:  $385