Hornberger's Blog
Let’s assume that I am earning $5,000 per month and that I have the following monthly expenses:
Mortgage
Food
Car
Clothing
Interest
Entertainment
Other
Total
$1,000
1,000
1,000
1,000
500
2,000
2,500
$9,000
Do you see the problem? I’m bringing in $5,000 a month and spending $9,000 a month. That’s a deficit of $4,000 a month.
That’s precisely the problem facing the federal government. It’s spending a trillion dollars more than what it’s bringing ...