I think the following figures are correct. In any case, they accurately illustrate the problem.
Annual U.S. tax revenue: $2,170,000,000,000;
Federal budget: $3,820,000,000,000;
National debt: $14,271,000,000,000;
Recent budget cuts: $38,500,000,000.
If we remove eight zeros from each figure, it resembles a household budget:
Annual family income: $21,700;
Money family spends annually: $38,200;
New debt on the credit card: $16,500;
Outstanding balance on the credit card: $142,710;
Total budget cuts so far: $38.50.
Can our government really not know that this is a recipe for disaster? Yes, the government can print money to forestall bankruptcy, but soon even China will quit buying our debt. Or it can increase taxes on an already overburdened citizenry and eventually many productive citizens will just quit working and enter the welfare system. Or it can, as the hypothetical family would have to do, declare bankruptcy and default on its debts.
I don't want to think that our leaders are deliberately trying to crash our economy, but neither do I want to think that they're dumb or spineless. Yet they continue to buy votes by handing out freebies (phones, food stamps, extended unemployment, rent assistance, heating assistance, cash for clunkers, mortgage payments, medical care and schooling for illegals, grants, welfare, foreign aid, etc.) while raising taxes on those of us who are constantly working to support people we don't even know.
Well, we're tired of it. Note to Washington: cut the spending!