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By Richard Brookhiser
$10.72
By Ira Katznelson
$17.82
$13
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Flickr / yomanimus
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This just in: U.S. households are getting poorer. As the crisis continues to wreak havoc on our economy, new data from the Federal Reserve tells us that U.S. net household worth has dropped $1.5 trillion in the second quarter of 2010 and is down more than $10 trillion since the recession began.
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AP photo / Hadi Mizban
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The tragic task of tallying the number of Iraqis who have been killed in the war has been attempted by various parties with vastly different results, largely because of built-in logistical issues, and now the WHO’s health ministry has released its own figures while acknowledging the impossibility of precision.
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The Federal Reserve finds that the average family has only about $3,800 in the bank, no retirement account and no stocks or bonds, and can’t pay off a $2,200 credit card balance.
Pretty grim…. But don’t fear. Tax cuts for the rich will make everything all better.
Posted on Mar 5, 2006
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Letter From Birmingham Jail
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