Finally - an explanation of Obama's spending in a format that everyone can understand.
The graph shown in the link illustrates the enormity the the debt this president has racked up as compared to the average family income and spending. It doesn't take a PhD in Economics to figure out this country has a real problem that needs to be dealt with NOW. The voting public needs to forget the pie-in-the-sky attitudes of Third Party nonsense and staying home on election day to show how principled they are; Obama must be put out of office along with his liberal supporters. This is a time when we need to accept the best available candidates and get rid of the ones that have put the country in this mess.
In 2010, median family income was $51,360. If a typical family followed the federal government's lead, it would spend $73,319 and put 30 cents of every dollar spent on a credit card. This family would have racked up $325,781 in credit card debt—like a mortgage, only without the house. What credit card company would continue lending money to this family?
What if Families Handled Finances Like the Federal Government Does?
The graph shown in the link illustrates the enormity the the debt this president has racked up as compared to the average family income and spending. It doesn't take a PhD in Economics to figure out this country has a real problem that needs to be dealt with NOW. The voting public needs to forget the pie-in-the-sky attitudes of Third Party nonsense and staying home on election day to show how principled they are; Obama must be put out of office along with his liberal supporters. This is a time when we need to accept the best available candidates and get rid of the ones that have put the country in this mess.