Saturday, September 21, 2013

Good business, if you can get it

The median household income of my county is just about $44,000 a year. That is for a two income household in most cases. That is down from $47,000 just two years ago, which mirrors the nationwide decline of incomes that 35 of the 50 states saw this past year.

Washington, DC doesn't have that problem. The median income there rose to $88,000- the highest of any metro area in the nation. This is due to the massive growth in the Federal government under the Obama administration, and the lawyers and lobbyists that this growth is bringing to the nation's capitol.

What makes this trend REALLY disturbing is just how much the size of government is increasing: the poor in DC are getting even poorer, with the number of households making less than 50% below the poverty line increased. The poverty threshold for a family of four that includes two children under 18 was $23,283 in 2012, meaning that to be in deep poverty, that family of four would have to earn less than $11,641 a year.

So in order for median incomes to rise in DC, they have to overcome the increase in poverty, plus increase the median income. Think about that.

This is the Obama that the poor voted for: Blacks have a 27% poverty rate, and yet they vote for the man that put him there, simply because he is black.

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