What women could afford if the gender gap didn’t exist.
Put another way, a woman over the course of her lifetime could afford two houses, 7 college degrees from a public university, 14 new cars, or $431,360 for retirement.
Infographic of the Day: James Fallows writes: “The Chart That Should Accompany All Discussions of the Debt Ceiling: It’s this one, from yesterday’s New York Times…It’s based on data from the Congressional Budget Office and the Center on Budget and Policy Priorities. Its significance is not partisan (who’s “to blame” for the deficit) but intellectual. It demonstrates the utter incoherence of being very concerned about a structural federal deficit but ruling out of consideration the policy that was largest single contributor to that deficit, namely the Bush-era tax cuts.”
It’s also worth noting that the debt ceiling was raised by $4 trillion under Bush without incident, and Speaker John Boehner, House Majority Leader Eric Cantor, and Senate Minority Leader Mitch McConnell approved each of the five increases.
“Our deficit and debts can be traced to the fact that spending on entitlement programs and defense has shot up, and tax revenues have plummeted to their lowest level in decades. But spending on domestic discretionary programs has grown much more slowly. And, if you correct for inflation, and for growing population, it turns out we’re spending exactly the same amount on these programs as we were a full decade ago.”