Some horrible statistics from The New York Times:
– For the first time in over a year, median annual income fell by a statistically significant amount from the previous month, according to a report from Sentier Research, a company run by former Census Bureau officials.
– Median annual household income (pretax) in February 2013 was $51,404, about 1.1 percent (or $590) lower than the January 2013 level of $51,994. The numbers are all pretax, and are adjusted for both inflation and seasonal changes.
– February’s median annual household income was 5.6 percent lower than it was in June 2009, the month the recovery technically began; 7.3 percent lower than in December 2007, when the most recent recession officially started; and 8.4 percent lower than in January 2000, the earliest date that this statistical series became available.
Reversing those numbers and boosting growth/job creation should be Washington’s top goal, not making sure the 2023 budget deficit is 0.0% rather than 0.5% or 0.9% through fiscal legerdemain or questionable assumptions.