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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
byAnonymous Coward writes:
Then you don't have to worry about this shit.
byZekolas ( 1029166 ) writes:
Its politically suicide
The voting public wants goverment services and welfare , while also not paying for it. I hate everyone who "blames" the goverment for this, when the people vote for people like Trump who keeps promising to raise spending and cut taxes
The goverment racking up debt is just doing what the voting public want, the voting public wants pensions, medical coverage for old people, a strong military , school funding, ect.
They also want low taxes. If someone ran on the promise to raise taxe
byjonsmirl ( 114798 ) writes:
Total government spending federal, state, local in total is around $10T with $7T of that being federal spending. There are 133 million households in the USA. Now divide. That works out to $75,000 per household per year in government spending. The US median household income is $83,000.
Does anyone really think we need more government spending? Maybe the problem is that the existing spending is not being effectively utilized.
byComboman ( 895500 ) writes:
>> There are 133 million households in the USA. Now divide. That works out to $75,000 per household per year in government spending. The US median household income is $83,000.
You are comparing mean (simple average) spending with median income. Mean income is higher than median income due to income inequality.
bynewcastlejon ( 1483695 ) writes:
You are comparing mean (simple average) spending with median income. Mean income is higher than median income due to income inequality.
Are you sure you don't have that backwards?
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byComboman ( 895500 ) writes:
Quite sure. A simplified example: If there are 9 people in the US, and their incomes are $2, $4, $5, $5, $5, $9, $12, $28 and $100, the median income is $5 (the middle value in the ordered list) and the mean is $18.89. It doesn't take very many billionaires to push the mean higher than the median.
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