All Your Income Are Belong To U.S.

[boedicca]

Government in the U.S. now spends more per household than the median household earns. This is why the Recovery has never really happened.

In a new book called Completely Predictable, author Terence Jeffrey points out that, since 2010, the government has begun spending more money than it can even raise as revenue by taxing households at 100 percent.

That year, net spending at all levels of government — including Federal, State and municipal — amounted to $5.94 trillion. Divided across the 118,682,000 households in the United States, that comes to $50,074 per household. The median household income that year was $49,445: a $629 difference.

By contrast, in 2000, the government was spending $29,941 per household at a time when the median household income was $41,990....

Median Household Income Now Less Than What Government Spends Per Household : Personal Liberty Digest?

 

[Spoonman]

one of our biggest problems is people can no longer afford to live. even the working. you can not afford to live in the USA an blue collar wages anymore. we need to cut spending and reduce taxes.

 

[Two Thumbs]

But, But, but

>multiplelinkstotinyincreaseshereandthere<

Proves everything is better, even though it's not.

So there.






What libs have failed to note, is that the increases have failed to keep pace with population growth. So yeah, it has actually gotten worse, they are just lied to constantly, but don't seems to care.

 

[Spoonman]

But, But, but

>multiplelinkstotinyincreaseshereandthere<

Proves everything is better, even though it's not.

So there.






What libs have failed to note, is that the increases have failed to keep pace with population growth. So yeah, it has actually gotten worse, they are just lied to constantly, but don't seems to care.

also, does this reek of inneficiency and mismanagement or what?

 

[Two Thumbs]

But, But, but

>multiplelinkstotinyincreaseshereandthere<

Proves everything is better, even though it's not.

So there.






What libs have failed to note, is that the increases have failed to keep pace with population growth. So yeah, it has actually gotten worse, they are just lied to constantly, but don't seems to care.

also, does this reek of inneficiency and mismanagement or what?

Neither

I've come to the conclusion that, after so many years/decades, it must be intentional.

 

[ScienceRocks]

The "liberals" must be truly clueless of basic economics for what they have done. It is idiocy.

 

[Spoonman]

But, But, but

>multiplelinkstotinyincreaseshereandthere<

Proves everything is better, even though it's not.

So there.






What libs have failed to note, is that the increases have failed to keep pace with population growth. So yeah, it has actually gotten worse, they are just lied to constantly, but don't seems to care.

also, does this reek of inneficiency and mismanagement or what?

Neither

I've come to the conclusion that, after so many years/decades, it must be intentional.

yea, so many people in congress can't be so wrong so often by accident

 

[bitterlyclingin]

Economist Amity Schlaes, in her book "The Forgotten Man" argued fairly effectively that the Great Depression was primarily the result of the enormous growth of the Federal Government under FDR at the expense of the private sector. The Feds exponential growth, 1933-1941, came out of the mouths of, and off the feet and the backs of the average American of the day. You can see the echoes of that premise occurring right in front of your eyes today with Barack Obama shuckin and jivin and havin a grand ole time during that gala White House soiree while that poor S.O.B in Gwynnett County Georgia was almost simultaneously getting shot to death because he tried a novel, not so nice, way of getting his lights, phone and cable turned back on. Obama's economic policies killed him just as surely as if Comrade Barry had put the barrel of an M1911 to to that guy's head and pulled the trigger.
Course, you'll get an argument on that from everyone who's currently wearing their Barack Obama induced erections proudly on display for all to see.

 

[boedicca]

Obama has increased the size of the Federal Government relative to GDP by 25%. That is one big aspect of the Stimulus Scam. It created a big increase in the size of government (overlapping with TARP which was winding down). Then, without a budget, the "baseline" for continuing resolutions was at this inflated level. Year after year of no budget, but the Stimulus fueled baseline continues.

This year, the Feds will collect $2.7T in tax receipts, the highest in history. If we'd kept spending in the 19%-20% of GDP zone, we'd have a manageable deficit, and a lot less debt.

 

[BillyV]

Government in the U.S. now spends more per household than the median household earns. This is why the Recovery has never really happened.

In a new book called Completely Predictable, author Terence Jeffrey points out that, since 2010, the government has begun spending more money than it can even raise as revenue by taxing households at 100 percent.

That year, net spending at all levels of government — including Federal, State and municipal — amounted to $5.94 trillion. Divided across the 118,682,000 households in the United States, that comes to $50,074 per household. The median household income that year was $49,445: a $629 difference.

By contrast, in 2000, the government was spending $29,941 per household at a time when the median household income was $41,990....

Median Household Income Now Less Than What Government Spends Per Household : Personal Liberty Digest?

Not that this invalidates your point about excess spending, but the IRS reports a total of $8.089 trillion in personal Adjusted Gross Income for 2010, so you could raise that much revenue. Perhaps they were referring to wages only ($5.837 trillion); that would be about that number.

For liberals, what this means is you've got some work to do to get that other $2.2 trillion spent!

 

[Spoonman]

Obama has increased the size of the Federal Government relative to GDP by 25%. That is one big aspect of the Stimulus Scam. It created a big increase in the size of government (overlapping with TARP which was winding down). Then, without a budget, the "baseline" for continuing resolutions was at this inflated level. Year after year of no budget, but the Stimulus fueled baseline continues.

This year, the Feds will collect $2.7T in tax receipts, the highest in history. If we'd kept spending in the 19%-20% of GDP zone, we'd have a manageable deficit, and a lot less debt.

it was the only way he could show an increase in jobs. but these are not sustainable jobs unless the taxpayer continues to pony up. he put us in a catch 22. cut spending, unemployment goes up. keep unemployment down, the debt goes up. either way we lose

 

[boedicca]

A job where some recent college graduate is paid for 5 hours per week is counted as an Obama job.

I doubt that's why most kids go to college.

 

[Spoonman]

A job where some recent college graduate is paid for 5 hours per week is counted as an Obama job.

I doubt that's why most kids go to college.

yep, another real trend is part time work. obamacare is prompting many companies to eleminate one full time position and replace it with two part time. so now you have two jobs where you used to have one. only problem is people are only making part time wages. a double whammy because now they rely on government entitlements to bridge the gap. once again, we end up paying. it helps his unemployment numbers. for those figures a job is a job. but it hurts the overall economic health of the country.

 

[boedicca]

A job where some recent college graduate is paid for 5 hours per week is counted as an Obama job.

I doubt that's why most kids go to college.

yep, another real trend is part time work. obamacare is prompting many companies to eleminate one full time position and replace it with two part time. so now you have two jobs where you used to have one. only problem is people are only making part time wages. a double whammy because now they rely on government entitlements to bridge the gap. once again, we end up paying. it helps his unemployment numbers. for those figures a job is a job. but it hurts the overall economic health of the country.

QFT. My nephew's hours were cut from full time to 24 per week.

Heckuva job, Barry!

 

[Politico]

You have are not income? Good no for you?

 

[g5000]

Government in the U.S. now spends more per household than the median household earns. This is why the Recovery has never really happened.

In a new book called Completely Predictable, author Terence Jeffrey points out that, since 2010, the government has begun spending more money than it can even raise as revenue by taxing households at 100 percent.

That year, net spending at all levels of government — including Federal, State and municipal — amounted to $5.94 trillion. Divided across the 118,682,000 households in the United States, that comes to $50,074 per household. The median household income that year was $49,445: a $629 difference.

By contrast, in 2000, the government was spending $29,941 per household at a time when the median household income was $41,990....

Median Household Income Now Less Than What Government Spends Per Household : Personal Liberty Digest?

Because of shit like this, I am becoming more and more convinced it is inevitable the Fed will have to do the unthinkable and burn the Treasuries they own.

 

[boedicca]

They'll nationalize 401Ks and IRAs first.

 

[Spoonman]

A job where some recent college graduate is paid for 5 hours per week is counted as an Obama job.

I doubt that's why most kids go to college.

yep, another real trend is part time work. obamacare is prompting many companies to eleminate one full time position and replace it with two part time. so now you have two jobs where you used to have one. only problem is people are only making part time wages. a double whammy because now they rely on government entitlements to bridge the gap. once again, we end up paying. it helps his unemployment numbers. for those figures a job is a job. but it hurts the overall economic health of the country.

QFT. My nephew's hours were cut from full time to 24 per week.

Heckuva job, Barry!

i feel real sorry for these kids today. it is going to be real tough on them. we thought we had it tough? we had a cakewalk to what they are going to face. until we stop the bleeding it will continue to get worse.