Here is an easy to understand pie chart that shows the problem we are facing, if only the liberals on both sides would face up to facts.
2011 Federal Budget
$2,170 billion - Income
$3,820 billion - Federal Budget
$1,650 billion - New Debt
$38 billion – Amount Cut (about 1% of the total budget)
To make it even easier to understand, remove some zeros and pretend it is a monthly household budget.
Total income for family: $2,170
Amount spent this month: $3,820
Increase in credit card debt this month: $1,650
Balance on credit card: $14,271 (the family's debt)
So last night, the family sat down at the kitchen table and agreed to cut $38 from their monthly budget.
God help us all!!! Please!!