Free Republic

~ By: Larry Walker, Jr. ~For the first time since World War II, the National Debt of the United States has exceeded personal income, on a per capita basis. The point of no return was breached in 2010, during Barack Obama’s second year in office, and the derangement continues to spin hopelessly out of control. This means that every dollar earned by an American citizen is now owned by the federal government, and then some. That’s right, the average annual income of most working-class Americans now belongs to the federal government. The warning of Thomas Jefferson has come to pass,...

RIYADH, 11 November 2002 — There are over 490 dependents for every 100 Saudi workers at present, which is 2.4 times higher than the world average, a new study shows. “With Saudi Arabia’s population growth at three percent per annum, assuming the average GDP growth rate over 1980-2000, GDP per capita will drop to less than SR10,000 per year by 2020 unless action is taken to address the growing unemployment problem”, warned the study, conducted by the Saudi British Bank. “Any major decline in income per worker could have a dangerous effect on living standards” the study warned. Some estimates...