Here is the USA financial position including the most recent budget cut from the Debt Ceiling Deal.
U.S. Tax revenue: $2,170,000,000,000
Federal 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 just remove 8 zeros and pretend it is 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 family budget cut: $385
In over 20 years in Congress, Ron Paul has never voted for an unbalanced budget; he has never taken part in the very lucrative Congressional pension plan. He has never taken an expensive travel junket. And he returns a portion of his Congressional office budget back to the Treasury. His plan to reduce the debt; cut Militarism in half (Do we really need to be in over 130 Countries in over 900 places around the world?). He wants to strengthen Defense by bringing the troops home to protect our own borders. One half of the savings goes to debt reduction; the other half goes towards shoring up our entitlements, including Social Security.
Submitted by Virtual Newsroom