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May 31, 2009
Obama's Lies On Economy Getting Out Of Control (Updated)
Topics: Political News and commentariesGiven the facts, Obam's and the Democrats' claims of job creation from the stimulus just don't pass the truth test.
Taxpayers are on the hook for an extra $55,000 a household and we've got nothing for it except incredible national debt and higher taxes to come. Clearly, the liberals' wealth redistribution policies are redistributing an economic disaster onto all of our backs.
Update: Lori comments below that it's even worse than the above link suggests, and points to Daniel Indiviglio's piece at the Atlantic - U.S. Debt $668,621 Per Household:
No that's not a typo: that's the statistic according to USA Today. The folks over there have done some really great work this week with another interesting interactive chart attached to an article about the nation's debt. If they keep this up, I'll have to stop considering it a useless free newspaper I step over when leaving a hotel room. The numbers it reports are staggering.Again, I wish I could include the interactive chart it shows, but it breaks down the $668,621 by various components of federal government debt ($546,668) and personal debt ($121,953). Presumably that means this astronomical figure does not even include state and local government debt. I thought it might be fun to put this number into perspective.
Posted by Hyscience at May 31, 2009 1:49 PM
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