Why the U.S. Credit Rating was Downgraded

I don't think most people understand how bad our nation's financial condition is today. President Barack Hussein Obama, D-Keyna, is still convinced that our national credit rating was downgraded because "Standard and Poors made a mistake!"

Well... lets look at the actual numbers:

U.S. Tax revenue (income)...................$2,170,000,000,000
U.S. Budget (spending).......................$3,820,000,000,000
U.S. Deficit ("new debt")......................$1,650,000,000,000
U.S. National Debt............................$14,271,000,000,000
U.S. Debt added in last three years......$4,070,000,000,000
U.S. Welfare Spending...........................$495,600,000,000
U.S. Spending on Foreign Aid..................$56,800,000,000

U.S. Budget cuts made.........................$38,500,000,000


These numbers are so huge that it is sometimes hard to understand them, so lets remove 8 zeros and pretend this is a household budget instead of a national budget. Perhaps this will put it into a context that we can more easily understand::

Household salary (income)..................................$21,700
Household spending...........................................$38,200
Household borrowing..........................................$16,500
Accumulated credit card debt............................$142,710
Household Debt added in last three years............$40,700
Household spending for charity.............................$4,956 Gifts to friends and neighbors..................................$568

Household Spending cuts made..........................$385

If you were a lender, would you consider this loan applicant a "good risk?" Would you give them a good credit rating?