Monthly Archives: September 2011

why the downgrade s&p?

Some folks have asked why S&P downgraded. This makes it very easy to see… • 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 Let’s remove 8 zeros and pretend it’s a household budget: • Annual family income: $21,700 • Money the family [Continue]