In my Fiscal Crisis 101 post last year I presented a financial scenario (created by Gary McNamara of Red Eye Radio) that crunched down the national budget numbers to a personal scale, making it easy to understand the financial armageddon facing our nation.
 
The situation has only gotten measurably worse since then; our national debt has gone from $14,4 trillion last July to more $16 trillion today (that works out to more $51,000 per person – and doesn’t include the unfunded liabilities in social security and medicare/medicaid!). If you lop off the zeros and look at the figures from a personal budget perspective, you get this:
 
Imagine that ~

• your yearly salary is $24,000 ($2.4 trillion in annual government revenue); but,
• your annual expenditures are $36,000 (government spending ($3.6 trillion); and,
• your existing debt is $160,000 (present national debt $16 trillion)

 
Hello??!!!
America better break free from this fiscal fantasyland we’re living in – and fast!
 

Here’s another good look at the stark reality we’re facing, in video format. “Doorbell” is the winner of Powerline blog’s People’s Choice Award ~

[Hat-tip: Uncle Glenn]

Related:
National Debt Clock
Wake up and smell the looming fiscal disaster! And learn how we can start fixing the economy. Check out BankruptingAmerica.org ~

…an educational project that explores the policies hindering economic opportunity and growth in America. The project focuses on the causes of the country’s current economic downturn and the future implications of careless policy-making.