A ludicrous budget

• Anthony R0bins
• 13 years ago
• Categories: debt / deficit, economy, us politics
• Tags: debt

I know a family in terrible financial trouble. Their budget is a mess. Here’s the summary:

• their annual income is $21,700
• their budgeted spending for the year is $38,200
• their shortfall for the year will be $16,500
• this will be added to their current debt of $142,710
• trying to make savings they will only cut $385

This family is in serious trouble, right? Can anyone see how to get them out of it? No, me neither.

Ok, so, sorry, I lied. This isn’t a family budget at all. Add eight zeros and it’s the US budget.  As this very clever summary makes clear, America is in deep, deep trouble.  So is the global economy.  So are we all.