One of the key points in my paper is the American financial crisis and the grave danger it poses on our nation’s future. The economic issue in America touches the lives of all American’s differently and many Americans do not understand the seriousness of this issue and what the numbers truly mean. While researching, I came across a chart that brought the numbers down to a micro level; it made it easier to fully comprehend the dire state of our country’s economy.
The chart broke it down as follows:
US 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 is a household income:
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
This was really an ‘Aha’ moment for me; of course, we all know that the American economy is struggling but when you break out the numbers on a level that is relatable to the average American, the message is clearer and understood much faster.
This is just one example but the greater learning is that communication between politicians and mainstream America needs to be streamlined. What may make sense to politicians and intellectuals can bypass the average American because it is not communicated in a simple, relatable way. If other complicated issues, like our nation’s finances, can be broken down like this, we will have more informed people and, as a result, more informed voters.