Friday, April 26, 2013

Obama's Has Borrowed More Per Household Than Median Household Earns

(CNSNews.com) Under President Barack Obama, the federal government's debt has increased by an amount per household that exceeds the annual median household income.

Since Obama’s first inauguration on Jan. 20, 2009, the federal debt has climbed $6,167,472,778,984.22. That equals about $53,616 for each of the 115,031,000 households the Census Bureau currently estimates are in the country.

By contrast, the Census Bureau’s most recent estimate of the median household income was $50,502 (for 2011).

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Posted By: Chris Carmouche