The federal tax revenue / budget 2021:
Tax revenue: $4,714,000,000,000
Federal budget: $6,818,000,000,000
New debt: $2,104,000,000,000
National debt: $26,900,000,000,000
The numbers are so huge we can’t even conceive of them.
Seriously- our brains just can’t handle numbers that big…
1 million seconds would be just over a week and a half.
1 billion seconds would be almost 32 years.
1 trillion seconds would be over 31 thousand years…
So we delete a bunch of zeroes to bring it to household income levels-
Annual family income: $47,140
Money the family spent: $68,180
New debt on the credit card: $21,040
Outstanding balance on the credit card:$269,000
If you saw anyone running their finances like this would you say they were responsible with their money? Would you think that was a sustainable way to run a household? Wouldn’t you think “Wow, those people are about to go bankrupt spending like that…”