Wednesday, April 15, 2015
"How Much a Family Would Spend If They Were Like the Government"
Governments will never have enough of our money...
At DailySignal.com, Michael Sargent tells us the answer:
"And because the government spends, taxes and borrows by the hundreds of billions and trillions, it’s hard to grasp just how out of sync its budget is every year. To put this into perspective, Heritage’s 2015 Federal Budget in Pictures shows what it would be like if a single household treated its finances like the government does. If the average family had the spending habits of the federal government, it would spend $61,000 a year, despite only earning $52,000 in income. This would be like racking up a $9,000 credit card bill on top of an outstanding $311,000 of debt—like paying a mortgage but without the house."