June's Tab+Tip

June's Tab:

-Unemployment was 9.5% for June up from 9.4% in May and 8.5% in April. That is a loss of 467,000 jobs in June. If we use most recent median household income number of approximately $50,000 that means we lost $23,350,000,000 in household annual incomes or 23.35 billion dollars, which equates to $1.9 billion in lost income in per month starting in June!

-Obama and Congress are talking up national health care to the tune of $1.6 trillion.

-The House passed a climate change bill that is estimated to cost households $175 a year the first year, which is about $3 billion a year for the whole nation.

-Meanwhile gas has risen back above $2.50 a gallon in many parts of the country. That's billions more in costs that house hold must bear.

So, let's sum up June's sad toll on a monthly basis:

-1.9 billion in lost incomes
-13.33 billion for health care per month (1.6 trillion /12)
-250 million for a month of climate change (3 billion /12)
= -15.48 Billion and here's the tip that's before the gasoline and after you pay taxes!