Remember back when we had a surplus??!! It was only 7 years ago. Yes, 7 years ago. And now we are in more debt than ever, our economy is in ruin, and our financial markets are failing.
And John McCain is ahead in the polls. HOW IS THIS POSSIBLE, PEOPLE??!!!
President Bill Clinton left office in 2001 with a federal budget surplus of $127 billion. Checkout this cool graphic my friend Dave did to show what the deficit looks like now: http://www.crunchland.com/users/dsf/9trillion.gif
Household median income (adjusted for inflation) fell between 2001 and 2006- to $48,200 from $49,158 in 2001. Now that is only a difference of $1000 - but that is alot of money if you are the family making $48,000!!! The number of Americans living in poverty has gone up nearly 5 million between 2001-2006. And these are only numbers from 2006!! Wait until the 2008 numbers come out!!! Nevermind the housing crisis, or the collapse of Wall Street.
How many more corporations will the government (ie taxpayers) have to bail out for people to want this to STOP?