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To understand Congress’ solution to the U.S. federal deficit, divide by 100,000,000

Posted 15 Apr 2011 in economy

There are many creative analogies out there to help people understand the magnitude of a trillion dollars. But MIT professor Philip Greenspun figured out how to take our $3.82 trillion federal budget, our $1.65 trillion federal deficit and last week’s $38 million budget deal and put them in terms the average American can more readily understand — simply divide by 100,000,000:

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.

Posted by FullMetalPatriot
12th gen. American, Constitutionalist, Harley-riding Texan, gun owner & NRA member, blogger, illustrator, Florida Gator alumnus. #TCOT

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