The Budget Explained in Simple English

I love it when complex things are simplified so that we can all understand. All numbers based on 2016 National Debt clock.

United States Tax revenue: $ 3,294,000,000,000

Federal Budget: $ 4,100,000,000,000

New debt: $ 806,000,000,000

National debt: $ 19,800,000,000,000

With government budget cuts of $44,000,000,000 it would look like this.

Annual family income: $ 32,940

Money the family spent: $ 41,000

New debt on the credit card: $ 8,060

Outstanding balance on the credit card: $ 198,000

Hypothetical budget cut: $ 440

At Financial Solutions, we prefer to make sure the numbers all add up. Contact us for a review of your portfolio.

The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete.