Monday, 21 January 2013
Americans: You Are in Debt Over Your Head
We often discuss the $16.4 Trillion debt wracked up by the United States Government. Perhaps this information will bring it a little closer to home.
The new federal debt accumulated in Obama's first term equaled approximately $50,521 for each of household in the country.That means that each household now owes $142,997 for the bills incurred by the US Government in addition to their own personal debt.
Now think about the real US median household income which is $50,054 for 2012, down from $62,273 in 2010 and 2011. Yep, the average household lost $12,000 in earnings while taking on $50,000 more in government created debt!
So folks, how is government working for you?
Posted By P.Brown at 2:32 PM in Category:Life
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