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The Jones family budget

Discussion in 'Financial Cents' started by TnAndy, Aug 8, 2011.

  1. TnAndy

    TnAndy Senior Member Founding Member

    Ran into this reading around this morning. It's a parody on the federal budget with the zeros removed to simplify it. The whole article is well worth a read, but here is a snip:

    * Total annual income for the Jones family: $21,700
    * Amount of money the Jones family spent: $38,200
    * Amount of new debt added to the credit card: $16,500
    * Outstanding balance on the credit card: $142,710
    * Amount cut from the budget: $385

    So in effect last month Congress, or in this example the Jones family, sat down at the kitchen table and agreed to cut $385 from its annual budget. What family would cut $385 of spending in order to solve $16,500 in deficit spending?

    This REALLY puts the federal problem in terms most of us can understand !

    Whole article: The Silver Bear Cafe
    Sapper John, dystopia and BTPost like this.
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