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April 13, 2011 04:03 pm PDT
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/GqNWbVrObsI/to-understand-the-us.html
To understand the U.S. federal budget, divide by 100,000,000
Philip Greenspun divided the U.S. 2011 federal budget by 100,000,000 and wrote a little parable: We have a family that is spending $38,200 per year. The family's income is $21,700 per year. The family adds $16,500 in credit card debt every year in order to pay its bills. After a long and difficult debate among family members, keeping in mind that it was not going to be possible to borrow $16,500 every year forever, the parents and children agreed that a $380/year premium cable subscription could be terminated. So now the family will have to borrow only $16,120 per year. Understanding Congress's solution to the federal deficit problem...
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/GqNWbVrObsI/to-understand-the-us.html
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