News accounts on the latest federal budget deal gave the numbers in a vacuum, e.g., “The deal cuts $38 billion from last year’s budget. It’s being called the largest domestic spending cut in U.S. history” (source). How can an individual voter make sense of quantities that are ordinarily written in s
Family spends $38.2K/yr. Family makes $21.7K/yr. Borrows $16.5K/yr. Family cuts $380/yr. Family now borrows only $16.12K/yr.
Borrows $16.5K/yr. Family cuts $380/yr.
Family now borrows only $16.12K/yr.