Really, this is what I looked at with my students in math today.
The US deficit is $2 trillion, how much is that per worker. Our estimate was 150 million workers and it comes to $13,333 per worker.
Next was how much per hour is that per worker assuming a 37.5 hour work week?
$13,333/52 = $256.40
$256.40/37.5 = $6.74/hour
Seriously, isn't that more then minimum wage in some places? Maybe minimum wage has finally passed that in most places.
So, minimum wage is $9/hour here, and I asked them how much per hour would be left after paying their share of taxes.
9-6.74 = $2.26/hour left for them.
Well, they did not think that looked very good and were curious as to what Canada looked like.
So, with the same methology Canada is running a $50 billion deficit and that would be between 16.5 million workers.
50 billion/16.5 million is $3030.30 per worker.
3030.30 /52 = $58.28
$58.28/37.5 = $1.55/hour
9-1.55 = $7.45 left for them.
Ok, so going with my previous post, I ask the same question, what's triple AAA about this?