Categories



TheLibertyMill




The Phaserl








AvatarProducts

Obama’s Borrowed More Per Household ($53,616) Than Median Household Earns ($50,502)

by Terence P. Jeffrey, CNS News:

Under President Barack Obama, the federal government’s debt has increased by an amount per household that exceeds the annual median household income.

Since Obama’s first inauguration on Jan. 20, 2009, the federal debt has climbed $6,167,472,778,984.22. That equals about $53,616 for each of the 115,031,000 households the Census Bureau currently estimates are in the country.

By contrast, the Census Bureau’s most recent estimate of the median household income was $50,502 (for 2011).

If the federal government increased taxes sufficiently to take from the private sector the equivalent of $50,502 for every household in the country—that is, an amount that equals the median household income multiplied by the total number of households ($50,502 x $115,031,000), it would only take in $5,809,295,562,000.

Read More @ CNS News.com:

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

1 comment to Obama’s Borrowed More Per Household ($53,616) Than Median Household Earns ($50,502)

  • NaySayer

    Yeah, and he gave it all to the corporate welfare queens in banks & corporations. Even Harley Davidson got big bucks. We get screwed with debt for centuries so they can give out this money to their friends who are now the biggest welfare queens in world history.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>