The state of California had its finances audited and it was found that the state’s net worth is a negative $127.2 billion. Wow! Were California’s state government a business, it would be a candidate for insolvency with a negative net…
Tag Archive for net worth
Americans’ Net Worth Drops To 43 Year Low
by Lonely Conservative • • 5 Comments
The net worth of American households has dropped to the lowest level in 43 years. Isn’t this hope and change stuff great? Gee, four more years of the Obama economy is going to be just fantastic. The median net worth…
Great Economic News – In Canada!
by Lonely Conservative • • 3 Comments
It looks like our neighbors to the north are faring through the Worst Recession Since the Great Depression a lot better than we are. We keep hearing excuses for the miserable economy – it’s because of Europe, it was that…
Americans Lost 40% of Net Worth
by Lonely Conservative • • 8 Comments
Well, here’s some more gloomy economic news. The Washington Post reported that the net worth of Americans has plunged by a whopping 40% – all the way down to 1992 levels. President Obama to blame Bush in 3,2,1… The Great…
If Not For Michelle’s Spending Habits, Just Think What Obama Would Be Worth
by Lonely Conservative • • 3 Comments
USA Today reports that President Obama could be worth somewhere in the neighborhood of $10 million. Whatever it is, it’s definitely enough to put him among the top 1% he loves to rail against. He is a wealthy man, with…
Are You Better Off Than You Were Three Years Ago?
by Lonely Conservative • • 6 Comments
Chances are, you’re one of the millions of Americans who are not better off than they were three years ago. According to CNBC, Americans’ standard of living has fallen more in the past three years than at any time since…
Pelosi: ‘We Get the Sacrifice, They Share the Wealth’
by Lonely Conservative • • Comments Off
Former House Speaker Nancy Pelosi went on a little rant earlier this week accusing Republicans of doing all sorts of horrible, dreadful things and ended her screed with this line. We get the sacrifice, they share the wealth. What a…
Thanks, Obama! US Household Net Worth Drops – How Could This Happen?
by Lonely Conservative • • 2 Comments
Progressives like to tell us that there is a static amount of money in the economy – like a big pie that never changes its size. They want us to believe that the reason there are poor people is that…
That’s Some Recovery – US Household Net Worth Drops
by Lonely Conservative • • Comments Off
At least when we thought we were still in a recession there was some hope that we’d come out of it. I guess we’ll just have to get used to high unemployment and sinking net worth. Welcome to the new…