A No Profit, And A Loss Statement

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U.S. NATIONAL DEBT CLOCKThe Outstanding Public Debt as of 02 Feb 2012 at 01:15:22 AM GMT is:

$ 1 5 , 3 6 0 , 6 8 6 , 3 9 1 , 8 4 9 . 7 5

The estimated population of the United States is 312,148,166
so each citizen’s share of this debt is $49,209.60.

The National Debt has continued to increase an average of $4.00 billion per day since September 28, 2007! Concerned? Then tell Congress and the White House!


    Do you have any questions about the National Debt or this

Debt Clock. The Treasury Debt Clock.  Here are some answers. The Treasury Department’s Bureau of Public Debt also has their own Public Debt FAQ.

    .

Other sites concerned about the National Debt are:
*The Concord Coalition

    – A nonpartisan, grass roots movement to eliminate the deficit and bring entitlements down to a level that’s fair to all generations

*Grandfather Economic Report on Federal Government Debt

    – Ever wonder to whom this massive Debt is owed? This massive site has the answer to this and other other questions.

*WebActive

    – A weekly online magazine for progressive activists.

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4 thoughts on “A No Profit, And A Loss Statement

    1. >>>>>Wikipedia says: “This article is outdated. Please update this article to reflect recent events or newly available information. Please see the talk page for more information. (March 2011)

      I live comfortably on two social security checks, my own and my wife’s…about $1800 each. Oh…and a trust fund put in effect by Barny Frank’s accountant. [In my dreams!]

    2. Median income

      The median income divides households in the US evenly in the middle with half of all household earning more than the median income and half of all households earning less than the median household income. In 2004 the median household income in the United States was $44,389.[6] According to the US Census Bureau, the median is “considerably lower than the average, and provides a more accurate representation.”[57] Considering other racial and geographical differences in regards to household income, it should come as no surprise that the median household income varies with race, size of household and geography. The state with the highest median household income in the United States as of the US Census Bureau 2005/06 is New Jersey with $66,752, followed by Maryland, Hawaii and Connecticut, making the Northeastern United States the wealthiest area by income in the entire country.[58]

      Regionally, in 2010, the Northeast reached a median income of $53,283, the West, $53,142, the South, $45,492, and the Midwest, $48,445.[59] Each figure represents a decline from the previous year.

      While median household income has a tendency to increase up to four persons per household, it declines thereon after. This indicated that while four person households have larger incomes than those with one, two or three members, households seem to earn progressively less as their size increases beyond four persons. According to the US Census Bureau 2004 Community Survey, two-person households had a median income of $39,755, with $48,957 for three-person households, $54,338 for four-person households, $50,905 for five-person households, $45,435 for six-person households, with seven-or-more-person households having the second lowest median income of only $42,471.[60] In terms of race, Asian-American households had the highest median household income of $57,518, European-American households ranked second with $48,977, Hispanic or Latino households ranked third with $34,241. African-American or Black households had the lowest median household income of all races with $30,134.[61]
      [edit] Mean income

      Another common measurement of personal income is the mean household income. Unlike the median household income, which divides all households in two halves, the mean income is the average income earned by American households. In the case of mean income, the income of all households is divided by the number of all households.[62] The mean income is usually more affected by the relatively unequal distribution of income which tilts towards the top.[57] As a result, the mean tends to be higher than the median income, with the top earning households boosting it. Overall, the mean household income in the United States, according to the US Census Bureau 2004 Economic Survey, was $60,528, or $17,210 (39.73%) higher than the median household income.[63]
      “ “Median income is the amount which divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount. Mean income (average) is the amount obtained by dividing the total aggregate income of a group by the number of units in that group. The means and medians for households and families are based on all households and families. Means and medians for people are based on people 15 years old and over with income.”[62]
      -US Census Bureau, Frequently Asked Question, published by First Gov. ”

      http://en.wikipedia.org/wiki/Household_income_in_the_United_States

      AREN’T YOU GLAD YOU ASKED!

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