"Here is why S&P downgraded the US credit rating. U.S. Tax...

"Here is why S&P downgraded the US credit rating.

U.S. Tax revenue: $2,170,000,000,000
Fed budget: $3,820,000,000,000
New debt: $ 1,650,000,000,000
National debt: $14,271,000,000,000
Recent budget cut: $ 38,500,000,000

Now let's remove 8 zeros and pretend it's a household budget.

Annual family income: $21,700
Money the family spent: $38,200
New debt on the credit card: $16,500
Outstanding balance on the credit card: $142,710
Total budget cuts: $385"

At http://www.jsmineset.com/2011/09/04/jims-mailbox-770/