Obama Misery Index Continues Relentless Climb
Rising Debt and Unemployment Leave Americans Gasping for Relief
Speaking for the Obama Administration, Vice President Biden last week insisted that “We know how to create jobs, and we know how to balance the budget. If I hear one more Republican tell me about balancing the budget, I am going to strangle them.”
Meanwhile, the Obama Misery Index – which measures the rise in unemployment and debt since the Obama Administration began – reached a new record high of 67 percent last month. The public debt has soared 43 percent in just 20 months, while unemployment has risen 24 percent, or by nearly 3 million individuals.
Source: Ways and Means staff calculations, using Department of Labor and Department of Treasury data.