$6,099,996,642,000: Government Spent More Per Earner ($38,806) Than Median Earnings ($31,921)
There were 157,191,000 workers 15 years old or older in the United States who had earnings in 2012, according to the Census Bureau’sHistorical Income Table P-43. Their median earnings that year were $31,921 and their average earnings were $45,053.
Total net local, state and federal government spending was $6,099,996,642,000 in fiscal 2012, which works out to about $38,806 for each of the 157,191,000 earners. That $38,806 in government spending per earner exceeded the $31,921 in median earnings.
There’s much more on how that was arrived at – I urge you to go to the link and study the fundamentals of how we are being spent into oblivion. And this to that, our fiscal future may well be pushed into Obama’s senseless austerity (a stupid notion on its own, that we have been experiencing “austerity” unless it is redefined as “They won’t let me spend as much as I want – Waahhhhhh!”).
Spending more than you take in is not being “sustainable”. Government spending WAY more than the average person makes is idiocy.
(H/T: CNSNews)
