[tired&retired]

I know this is a simplification. But it breaks it down so more people can understand it.

Any solutions?

[Huck]

Worldwide default.

[tired&retired]

Sorry for typo... 2,162 not 2,167 in total revenue per chart.

[DuncanWaring]

Federal Government annual spending: $3.6 trillion.

Distance light travels in a year: 6 trillion miles (to the moon and back, a half-million mile round-trip, in three seconds).

This means that the Federal Government spends a dollar in less time than it takes light to travel two miles.

[PGR88]

I’ve always said - Kill the Federal Reserve and you end Progressive Gov’t and cure 1000 other ills at the same time. Real money and real interest rates are the only things that will force discipline on an out-of-control Government.

[central_va]

Since 2008, Fed deficit spending is about 10% of GDP. Last report 3rd qtr 2011 GDP is at positive 2%. So if you were to remove current deficit spending and go back to 2007 levels, GDP is NOW at negative 8%! Scream it from the rooftops.

[kabar]

You left out the other chart showing spending.

When you spend $3.5 trillion and only take in $2.2 trillion, you have a problem. Moreover, the revenue of $2,2 trillion just covers the entitlement programs, other mandatories, and debt servicing costs. The money to operate the rest of the goverment (40% of expenditures) is borrowed.

Unless we reform the entitlement programs, they will consume the entire budget. 10,000 people are reaching 65 every day and will continue to do so for the next 20 years. By 2030, one in every five Americans will be 65 or older, twice what it is now and there will only be two workers for every retiree compared to the current 3.3.

[sunny48]

The United States Budget, Plain English
United States Tax revenue: $2,170,000,000,000
Fed budget: $3,820,000,000,000
New debt: $1,650,000,000,000
National debt: $14,271,000,000,000
Recent budget cut: $38,500,000,000

Now, remove 8 zeros and pretend it’s a household budget.

Annual family income: $21,700
Money the family spent: $38,200
New debt on the credit card: $16,500
Outstanding balance on credit card: $142,710
Total budget cuts: $385

Sort brings the issue “home” doesn’t it?

[Designer]

"Any solutions?"

The obvious "solution" is to cut spending, but half the country (or more) is in denial, so there isn't the political will to cut spending.

Guess we'll just go over the cliff.

Thanks for nothing, Failed Leadership.

[Sundog]

The Fed could retire the entire debt with one check. They forked out that sum in the last quiet bailout of foreign banks.