So the fact that all of us would have to be close to $400,000 to pay off our national debt means we have plenty of money?
Being in debt is not a good sign of fiscal health.
300 million * 400,000= 120,000,000,000,000, that is 120 trillion dollars, I didn't know we owed that much.
Here are some other middle class stats:
■Average home is worth $231,000 with $17,600 in payments a year. That comes out to $1466.67 a month in housing costs.
■The average home is around 2,300 square feet.
■On cars, the typical family spends $12,400 a year on two cars.
■That median income family puts away around $2,600 per year for retirement.
■$14,200 a year on clothes, food, utilities, entertainment, and other living expenses.
■18% of income goes towards some form of debt auto loans, mortgage, credit cards, etc.
Finally, average net worth is around $84,000 according to the Federal Reserve (in 2007 the figure was $120,300).
What do you think of the statistics? Did any surprise you? Would you consider income of $123,000 to be middle class?
Who Rules America: Wealth, Income, and Power
What is needed in America I guess is lets find a way to get rid of those 40% of our population that owns a whooping 0.03% of all the wealth. WE know they are just lazy and don't try hard. They are unpatriotic even though the majority of people killed in wars we waged over years was from the bottom 60%, while of course the top 10% of our population has few deaths due to war.
The truth is if we could get rid of these people, we could somehow solve all our problems.
we all know we tried to give them jobs, but they didn't want jobs, they just wanted dope and booze and stand on street corners singing and shooting.
Well what do you want to do with these horrible people? Should we execute them for being so GOD DAM POOR and uncaring?
