Let's take a household with an annual income of $24,500
and their annual outlay is $35.370
Annual Credit Card Debt is 35,370-24,500 = $10,870
With an existing Credit Card debt of $16,750
What would you say to them if they asked for advice?
John Stossel printed this on a board and showed it to passers by in Manhattan. When he flipped over the board, he revealed that if you add a few zeros,
you're looking at the Federal Debt: $2,450,000,000,000
with a Federal yearly budget of $3,537,000,000,000
Annual Credit Card Debt is $1,087,000,000,000
and an existing Credit debt of $16,750,000,000,000
Won't anybody get serious out there in Washington?