Here is why S&P downgraded the US credit rating.
• U.S. Tax revenue: $2,319,000,000,000
• Fed budget: $3,623,000,000,000
• New debt: $ 1,304,000,000,000
• National debt: $15,183,000,000,000
• Recent budget cut: $ 38,500,000,000
Now let's remove 8 zeros and pretend it's a household budget.
• Annual family income: $23,190
• Money the family spent: $36,230
• New debt on the credit card: $13,040
• Outstanding balance on the credit card: $151,8300
• Total budget cuts: $385