Front Page » Table of Contents » Archive: Nation: January 2012


BOGUE, Kan. - A Jan.11 writer to Reader Forum [Hays Daily News] blustered about "non-factual distortion" by the Obama administration and supporters, then made his own claims.

[CLAIM: "All the money from the richest 400 Americans wouldn't pay our bills for a week."] In 2011 the richest 400 were together worth $1.5 trillion. (Forbes Magazine) Current annual federal spending is estimated at $3.6 trillion; state at $1.43; local, $1.63 trillion. So, the 400's wealth would fund all federal spending for 5 months, state for one year, local for 11 months. All federal, state, and local spending for about 3 months.

Incidentally, the richest 400 gained 12 percent. from 2010 to 2011. Since 2006, their net worth increased by $250 billion, about 17 percent. On the other hand, "Over the past five years Americans, on average, have seen no disposable income growth if you adjust for population and inflation. This also explains why they're spending like it's 2006 -- because they don't have more money to spend. No wonder the recovery continues to feel like a recession: that's an awfully long time to go without a raise."

We have more! This page only lists entries in a particular month. We encourage you to look back through our archives in this same category.

The previous archive is Nation: November 2011. The next archive is Nation: February 2012.

If you want to browse other topics, you can also check our Table of Contents. The most current posts can always be found on our Front Page.


Our sponsors help us stay online to serve you. Thank you for doing your part! By using the specific links below (clicking through from our site) to start any of your online shopping, you are making a tremendous difference. By using the shopping links provided on a Kansas Free Press page, you are directly helping to support the Kansas Free Press:



About This Page

This is an archive page containing all of the stories posted to Kansas Free Press in one particular topic in a particular month. These stories were published in the Nation: January 2012 section.

The previous archive is Nation: November 2011. The next archive is Nation: February 2012.

The most current posts can always be found on our Front Page.

Other Archives

Interested in other topics? You may wish to poke around in our Table of Contents to find other sections and archives.

Do you want to explore pieces written by specific authors? You can find archives for KFP writers by reviewing our complete Directory of Authors and Writers here.

News and Opinion





Get Connected

See our FB page!
Subscribe for free!
[Feeds & Readers...]
Follow Kansas Free Press on Twitter, too!
Make Kansas Free Press your home page!

Journalists, sign in.

We're reader supported!

Whenever you use the specific links below to begin any of your online shopping, a portion of your sale goes directly towards the support of this site.

Tech Depot - An Office Depot Co.


Our sponsors help us stay online to serve you. Thank you for doing your part! By using the specific links above (clicking through from our site) to start any of your online shopping, you are making a tremendous difference. By using the shopping links provided on a Kansas Free Press page, you are directly helping to support the Kansas Free Press.

Thank you for your help!

Notices & Policies

All of our Kansas Free Press journalists are delighted that you are here. We all hope that you come here often, sign in and leave us comments, and become an active part of our community. Welcome!

Our writers are credentialed after referral to, and approval by, the editor/publisher of KansasFreePress.com. If you are interested in writing with us, please feel free to let us know here. We are always looking for Kansans who want to write about Kansas!

All authors here retain their own copyrights for their original written works, original photographs and art works. They welcome others to copy, reference or quote from the content of their stories, provided that the reprints include obvious author and website attribution and links to the original page, in accordance with this publication's Creative Commons License.

Our editor primarily reviews stories for spelling, grammar, punctuation and formatting and is not liable or responsible for the opinions expressed by individual authors. The opinions and accuracy of information in the individual stories on this site are the sole responsibility of each of the individual authors. For complete site policies, including privacy, see our Frequently Asked Questions. This site is designed, maintained, and owned by its publisher, Everyday Citizen Media. The Kansas Free Press, KansasFreePress.com, and Kansas Free Press are trademarked names.

© Copyright, 2008-2012, all rights reserved, unless otherwise specified, first by the respective author, and then by KFP's publisher and owner for any otherwise unreserved and all other content.