Saturday, July 14, 2012

How Much Has Debt Increased Per Taxpayer Under Obama?

By more than $64,000.  To put that into perspective, "the median household income in the United States in 2009, according to the Census Bureau, was $49,777. That means the median household would have needed to work all of one year and then the first 106 days of another year and then give all of their earnings from that time period to the federal government just to pay off the $64,219.88 in new federal debt per taxpayer piled up since Obama’s inauguration."

Plus, contributing every dollar that Americans have earned so far this year still would not cover the cost of government spending.  Cost of Government Day is not until tomorrow.

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