1. Take the actual numbers from our government's spending.
2. remove the last 8 zero's and pretend the results are YOUR family budget.
• Total annual income: $21,700
• Amount of money spent: $38,200
• Amount of new debt to be added to the credit card: $16,500
• Maxed out balance on the credit card: $142,710
• Credit limit increased to $146,940
• Amount cut from the budget with recent "deal:" $385
Still heading toward bankruptcy.
Edited with corrected numbers based on feedback from amberjack. +rep him for extra homework.
Edited again at request of simplicity.
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