The US economy has seen better days. The numbers themselves are staggering. Unemployment currently sits at 10.6% - over twice the levels of 2008. Personal debt to income is at an all-time high. Over 47 million Americans are without health insurance. And on a macro level, the Whitehouse projects our government's debt to continue to outpace the growth of the economy, surpassing 75% of our GDP within the next 10 years.
Americans are tightening their belts more than ever and hoping for a strong recovery. There is however a subset of the US population that has avoided these hardships. Over the course of the current recession this group has been the beneficiary of top-of-the-line health care, multi-million dollar pension plans, near limitless expense accounts and a pay rate that places them in the top 4% of US earners. All of this paid for by the very people suffering the brunt of the current recession - the American taxpayer.
This is Washington Royalty, the current aristocratic elite occupying many of our elected offices.