Americans’ Income Declines Faster During “Recovery”

Turns out that during the “recovery” Obama is always talking about, the median income of American families declined twice as fast as the median family income declined during the actual recession. According to the Weekly Standard, the median yearly household income adjusted for inflation:

has fallen by 4.4 percent during the “recovery,” after having fallen by 1.8 during the recession.  During the recession, the median American household income fell by $1,002 (from $55,480 to $54,478). During the recovery—that is, from the officially defined end of the recession (in June 2009) to the most recent month for which figures are available (June 2013)—the median American household income has fallen by $2,380 (from $54,478 to $52,098).  So the typical American household is making almost $2,400 less per year (in constant 2013 dollars) than it was four years ago, when the Obama “recovery” began.

Believe it or not, these income figures include payouts in the form of government subsidies, unemployment, and welfare. So that means despite the highest amount of money ever being spent on welfare, somehow redistributing the wealth has not made the average American family better off. Since middle class families will fare the worst when it comes to the costs of Obamacare, feel the effects of inflation more, and are arguably damaged most by the payroll tax increase, it makes sense that the median income if falling. Last year $60,000 was spent on welfare per household in poverty. This can mean nothing else but that politicians waste our tax dollars on useless programs, after lining their own pockets.

When every single household in poverty could be handed the money spent on welfare, and have $8,000 more dollars than the median family income, it is safe to say that the government is too inefficient to handle “fixing” the problem of poverty. Obviously this money is not given directly to people in poverty, which further highlights the inefficiencies of our governments’ “problem solving”–surely you would think with that kind of price tag substantial benefits would be reaching those in need. The point is that there is plenty of money for our government to work with to do the things they say they need to do. To think of raising taxes more, when incomes are falling faster then during the recession, is absurd and would only further hurt the middle class, while doing little to raise others out of poverty. Time to stop throwing money into the bottomless pit that is Washington DC; the more money we keep ourselves, the better the economy will do.

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