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$700 Billion divided by 308 million Americans = $2272 each

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eppur_se_muova Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-06-10 09:26 PM
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$700 Billion divided by 308 million Americans = $2272 each
That's not per family -- not per adult -- not per taxpayer -- that's per person. Average family size is 3.14, so that's ~$7000 per family. Now Obama tells us that failing to extend the Bu**sh** tax cuts will cost a "typical" family ~$3000. So, basically, we're putting ourselves in debt by $7000/family over the next ten years to save $3000/family come April 15 ? What sort of interest rate does that work out to ?
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elehhhhna Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-06-10 09:29 PM
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1. Thank you for doing that math. K&R!
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snot Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-06-10 09:29 PM
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2. K&R'd
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Kaleva Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-06-10 09:46 PM
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3. Think of the 3.3 trillion lost if the middle class tax cuts are made permanent.
That's going to cost the average family $32,642.00 over a ten year period of time. Add the $7,000.00 the tax break for the wealthy will cost if made permanent, then the total bill comes to $39,642.00 plus interest per family.
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Mister Ed Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-06-10 10:08 PM
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4. And that's not counting the interest on that debt...n/t
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