What’s propping up the U.S. economy?

April 9, 2006 | By | Reply More

Here are two disturbing items from the April 2006 “Harper’s Index”:

1.  Amount by which Americans’ total spending last year exceeded their earnings: 

$41,600,000,000.

2.  Last year in which spending outstripped earnings:  1933.

Then again, the citizens aren’t doing anything different than their ruling political party.

For some startling graphics relating to the rising national debt, see here, here and here.

Share

Category: Economy

About the Author ()

Erich Vieth is an attorney focusing on consumer law litigation and appellate practice. He is also a working musician and a writer, having founded Dangerous Intersection in 2006. Erich lives in the Shaw Neighborhood of St. Louis, Missouri, where he lives half-time with his two extraordinary daughters.

Leave a Reply