Monday, March 19, 2012

Congress: Totally Irresponsible

Congress, who is in control of the budget, is not serious about reducing the budget. Here is a very simplistic view of the situation from about two years ago. Since then, it has only gotten worse.

From FY 2010:

U.S. Tax Revenue:                                    $2,170,000,000,000
Budget:                                                    $3,820,000,000,000
Shortfall (deficit):                                    $1,650,000,000,000
National Debt:                                       $14,273,000,000,000
Recent Budget Cut:                                      $38,500,000,000

Let’s remove 8 zeros and pretend it’s your household budget:

Your annual family income, 2010:                              $21,700
Amount you spent in 2010:                                         $38,200
Amount you borrowed with your credit card:              $16,500
Outstanding balance on your card:                            $142,710
Amount you cut from your annual spending:                   $385

If your household budget was like this, your credit card would be revoked and you would likely lose your home.

It's time to elect a Congress with the courage to address this problem without no concern for their next election.

1 comment:

dan mcallister said...

I believe the only way we are ever going to get congress to fix the budget and not be concerned about re-election is with term limits.