The debt will reduce the average family income by 10 percent in 2030, by 17 percent in 2040 and by 30 percent by 2050. So if the average family could be expected to be earning, say, $80,000 a year by 2030, their actual pay would be $72,000, and $8,000 of income would be wiped out by the debt.
November 3, 2012
Obama's expensive vote in 2012 cost the country only ten more times than the average Obama voter cost the country in 2008.
October 26, 2012
The debt that the U.S. government owes to foreign interests now equals approximately $47,495 for each household in the United States. Besides China, America is deep in debt to Japan, oil exporting nations and to Russia.
October 23, 2012
Political frauds committed by redefining words.
June 4, 2012
The president blames his predecessor for his own fiscal profligacy.
February 2, 2010
Unchastened and unbowed, the president doubles down on the Democrats’ agenda.
January 27, 2010
The banks brace for an economic meltdown of epic proportions.
December 1, 2009