And so it is then, that Barry "Almighty" will now be able to lay claim to yet another feat that has never before been done in the history of our country. Under his brilliant stewardship the federal government's debt has now increased by an amount per household that actually exceeds the annual median household income in this country. Since Barry’s first inauguration on that fateful day back in January, 2009, the federal debt has climbed a staggering $6,167,472,778,984.22. That equals roughly $53,616 for each of the 115,031,000 households that the Census Bureau currently estimates are in the country. Quite the accomplishment by Barry, wouldn't you agree?
By contrast, the Census Bureau’s most recent estimate of the median household income was $50,502 (for 2011). So, if Barry and his fellow Democrats increased taxes sufficiently to take from the private sector the equivalent of $50,502 for every household in the country—that is, an amount that equals the median household income multiplied by the total number of households ($50,502 x $115,031,000), the government would only take in a mere $5,809,295,562,000. That $5,809,295,562,000 tax increase would not be enough to pay back the $6,167,472,778,984.22 that Barry has borrowed so far on the credit of American taxpayers.
In order to actually pay back what Barry’s has already borrowed, the federal government would need to tax away from the private sector an amount that equals more per household than the median household earns--and then it would need to refrain from spending those additional tax dollars on new or expanded government programs so the money could be used to pay down the debt. On January 20, 2009, when Barry first took the oath of office, the federal debt stood at $10,626,877,048,913.08, according to the U.S. Treasury. At the close of business on April 25, 2013, it was $16,794,349,827,897.30. What's wrong with this picture?
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