Congratulations! As a proud American you can now boast that it isn't just Texas where everything is big. In seven short years Bush added 165% to the national debt.When Bush took office the debt was $20 Trillion. It is now $53 Trillion.Coincidentally we have also seen an aproximately 165% increase in the price of gas. Just a coincidence.
This debt currently amounts to about $175,000 for every person alive in the United States. So, that means your long term debt has increased about $109,000 since Bush came into office. That figures to about $18,160 for each year he has been in office. And if you are a parent with two children, you and your wife are now obligated to an accrued debt of approximately $700,000 dollars.Using their numbers, your share of the accrued debt before Bush took office was about $66,000 which was the price of a cheap fixer-upper home. It is now $175,000 which is the price of a cheap fixer-upper home. No relation.
It just so happens that the price of a pack of cigarettes has also gone up at about the same rate. Just sayin'.
Thankfully wages have not kept pace, otherwise we'd have no reason to bitch, revolt, put people's heads on pikes, ban money, whatever.
Data via Populist America, who seems to have ruled out my favorite options for clearing this mess.
1 comment:
Nothing fuzzy about your math Jake. Of course all Washington has to do is print more money backed by nothing! I like that this January I got a 4.4% cost of living raise. Should have been a long overdue healthy boost to my wallet, but no. My health insurance went up so after all is said and done I will take home a whopping $3 more a month!
Post a Comment