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Originally posted by RELDDIR
Here are the stats:
Unemployment: 7.8% then, 8.3% now
Median income: $54,983 then, $50,964 now
Gas prices: $1.85 per gallon then, $3.78 now
National debt: $10.6 trillion then, $15.9 trillion now
Are Americans better off? Obama aides won't say
By BEN FELLER and DAVID ESPO | Associated Press
news.yahoo.com...
Originally posted by RELDDIR
Here are the stats:
Unemployment: 7.8% then, 8.3% now
Median income: $54,983 then, $50,964 now
Gas prices: $1.85 per gallon then, $3.78 now
National debt: $10.6 trillion then, $15.9 trillion now
Are Americans better off? Obama aides won't say
By BEN FELLER and DAVID ESPO | Associated Press
news.yahoo.com...
In the wake of the Treasury Department’s newly released summary of federal spending for 2012, it’s now possible to detail just how profligate the Obama years have been. Here’s the upshot: Under Obama, for every $7 we’ve had, we’ve spent nearly $11 (or, to be more exact, $10.95). That’s like a family that makes $70,000 a year — and is already knee-deep in debt — blowing nearly $110,000 a year.
To illustrate this a bit differently, for every Jackson ($20) we’ve had available to spend under Obama, we’ve also borrowed a Hamilton ($10) and a Washington ($1) and spent those too. The only thing is that, under Obama, we’ve (literally) spent the equivalent of 342 billion Jacksons, 342 billion Hamiltons, and 342 billion Washingtons — borrowing all of the Hamiltons and Washingtons.