Another Accomplishment for Barack Obama … Americans See Biggest Monthly Income Drop in 20 years As Obama Adds $6 Trillion to National Debt
Thanks to Barack Obama … Incomes Down and Debt through the stratosphere.
Americans saw their income drop so dramatically in January that it marked the deepest one-month decline in 20 years. Of course the bias MSM will have you believe that it is merely a coincidence that this occurred on Obama’s watch. It was Obama’s tax the so-called rich agenda that made corporations pay out early dividends to avoid the upcoming Obama tax hikes. It was Obama’s refusal to extend the payroll tax cuts that made most workers (including the middle class that Obama claims to care about) had to pay 2% more in taxes this year.
Obama must wet himself laughing every day that an ignorant electorate reelected him DICTATOR
Americans saw their income drop so dramatically in January that it marked the deepest one-month decline in 20 years.
Personal income decreased by $505.5 billion in January, or 3.6%, compared to December (on a seasonally adjusted and annualized basis). That’s the most dramatic decline since January 1993, according to the Commerce Department.
All this as Barack Obama added $6 Trillion to the National Debt.
Since President Barack Obama took office in January 2009, more than $6 trillion dollars has been added to the national debt.
“Without fanfare, the Bureau of Public Debt at the Treasury Department quietly posted its daily debt report showing the total public debt of the U.S. government topped $16.687 trillion. (To be exact: $16,687,289,180,215.37),” reports Mark Knoller of CBS. [debt clock]
“On January 20, 2009, the day Mr. Obama took office, the debt stood at $10.626 trillion. The latest posting reflects an increase of over $6 trillion.”
And debt is expected to increase by nearly another trillion this year. “Nevertheless, the Office of Management and Budget projects the national debt will continue to increase by over $800 billion this year and by amounts in the range of $500 billion to $800 billion in the out years – all of which will add to the national debt.”
Barack Obama is killing America.