Where Has All The Money Gone?

Below is a chart posted by Ed Morrissey at Hot Air today:

fred-dc-usa-medianincome

The chart above shows the median household income of the Washington, D.C., area versus the median household income of the rest of the nation.

The article at Hot Air points out a few things about the graph:

From the mid-1980s to around 2007, the median household income rise in DC remained pretty closely linked to that of the nation as a whole.  Anyone remember what happened in 2007, besides the economic slowdown that would turn into the Great RecessionDemocrats took control of Congress and federal spending shot upward ever since.  And at least according to the Fed, that disparity is actually accelerating,  at least to 2012, with DC median income skyrocketing while the rest of us stagnate.

We have a choice to make as Americans. It’s not a Democrat or a Republican choice–it’s an American choice. Do we keep spending ourselves into bankruptcy or do we begin to act like adults and live within our means? The choice is ours. We have an election coming up in about a year. Forget party labels–they really aren’t worth much right now. Find out what the candidate’s position is on spending and formulating a federal budget (we haven’t had one since 2009). Find our what the candidate’s past voting record is on fiscal matters. These things are not hard to find. Thomas.gov is an excellent source of information for votes, sponsors of legislation, and actions of past Congresses. Do your homework–your country depends on it.

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