Thursday, May 8, 2014

Debt, Deficit, Revenues (to pay bills): Budgeting 101

$3.03 trillion in with $3.52 trillion out. The difference: $492 deficit

Everyone likes pie, right? Two simple charts to put it all into perspective.

Revenues: Money into the Federal till to pay the bills

Specific Spending Top to Bottom
(Health Care #1 / Defense #3)

Class dismissed. Wait, wait. So, what's Congress to do about it - they do have the purse strings as it were? Call it another Rick Perry "Whoops" moment.

All the charts are located at and drawn from The Concord Coalition (linked here) - FYI. I like to use all the resources available and this is a good one - budgeting 101 - I like it simple. 

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