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What if Your Budget Resembled the Government’s? [DOCUMENT]

cash money
photo courtesy of 401 (K}/

The United States is outspending its revenues, creating a rising deficit and higher debt levels. The numbers are so large that it is difficult to comprehend their size.

Let’s pretend your household income is $49,445.00,  about the national median. If you spent like the government, your current spending would be about $78,000, with an annual deficit of almost $28,000, and your family’s accumulated debt would be about $327,000.

Check the attached documents to learn about the coming ‘Fiscal Cliff’, the chart describing your budget and the government’s, and a document on inflation.

Fiscal Cliff Facts

Thanks to Walt Kero, CPA from JCCS in Missoula for the documents and information.

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