Megan McArdle, “What if Our National Budget Belonged to a Typical Household?” – from the article, Dave Ramsey quoted: [t]he federal government will take in $2.173 trillion in 2011. That’s their income, and it sounds pretty good. Until, that is, you factor in that the federal government will spend $3.818 trillion during the year. So, just like many families, the government’s outgo exceeds their income–to the tune of $1.645 trillion in overspending. That’s called the deficit.