Posted on 02/24/2007 12:38:49 PM PST by Extremely Extreme Extremist
US Corporate Profits At Highest Levels, Too
(CBS4) WASHINGTON -- The percentage of poor Americans who are living in severe poverty is the highest in thirty years, in which millions of working Americans are falling closer to the poverty line, and the gulf between this country’s ''haves'' and ''have-nots'' gets wider.
The McClatchy Company - owners of the Miami Herald – a CBS4 news partner - went through an analysis of 2005 census figures, the latest available, and found that nearly 16 million Americans are living in deep or severe poverty.
A family of four, with two children and an annual income of less than $9,903 -- half the federal poverty line -- was considered severely poor in 2005. So were individuals who made less than $5,080 a year.
At the same time, economists found worker productivity increasing sizeably since the brief recession of 2001, but wages and job growth have lagged behind. The share of national income going to corporate profits has dwarfed the amount going to wages and salaries. Median household income of working-age families, adjusted for inflation, has fallen for five straight years.
In about forty states, including Florida, the incomes of the bottom fifth of families grew slower than the incomes of the top fifth over the past twenty years, according to a study by the Center on Budget and Policy Priorities.
And now records show that 43 percent of the nation's 37 million poor people are in deep poverty -- the highest rate since at least 1975.
Nearly two out of three people (10.3 million) in severe poverty are white, but blacks (4.3 million) and Hispanics of any race (3.7 million) make up disproportionate shares. Blacks are nearly three times as likely as non-Hispanic whites to be in deep poverty, while Hispanics are roughly twice as likely.
And the poorest city in the country is the nation’s capital, Washington, D.C., with 10.8 percent being severely poor.
BULL-MFing-LEFT-WING-PROPAGANDA-S*IT-PING
Boy if this isn't the biggest crock of feces I've ever heard.
I could probably be judged among the "working poor" but I am content with what God has graced me. Contentment itself is a form of wealth.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
---and overweight, besides--
Please sure can I have some more....propaganda?
Barbara Streisand!
The illegal immigrants have credit cards for Christ's sake.
Ah, the class warfare card. It's always been a winner for the socialist crowd. I expect we'll be seeing more of it in the runup to the 2008 elections.
So were individuals who made less than $5,080 a year.
WTFO? My kid makes more than that, at a part-time job.
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Why is it that the libs were crying failure, quagmire, and pull out approximately 1 week after we went into Iraq, yet 4+ DECADES after WOP, their only talking point is for 'more money'?
They all have cell phones, cars, cable TV, and are 150 pounds overweight...
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Perhaps people who are only earning 9K a year you should not be having children. Just a thought.
I have been saying for several years that we have lost the war on poverty and should just give up.
It's Bushes fault.
And the poorest city in the country is the nation’s capital, Washington, D.C., with 10.8 percent being severely poor.
And who controls this city, as well as nearly every large city in the country?
Here's the dirty secret. They are the ones the government provides for, those living on welfare and Social Security. Those who pat themselves on the back for supporting those programs should do a reality check.
That $5080 is only reported income ( welfare, WIC, SSS, etc.) It does not take into account working under the table, stealing and drug sales. I'm sure we would all be surprised at the Beemers, Lexus and hi def TV's these poor people have. This is no joke when you see what the LE confiscates when a drug bust is made.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Well, now that you mention it, I often make $6k/yr on side jobs - but I report every dime of it.
I live in fear of being bankrupted by the IRS, over a $0.10 booking error...
This is a left-wing socialist organization, frequently quoted by Paul Krugman of the New York Times. They specifically exclude all consideration of government funding (welfare) to make the "poor" look as if they receive no support at all. BS squared, perhaps cubed.
Because to liberals, there is no problem that the forced redistribution of wealth cannot solve. When their failed programs run out of money, their only response is that they need more money to solve the problem. Those who manage to work hard and succeed despite the government's intrusion in their lives are always at risk of losing more to socialism's grubby paws.
two cars OR one fairly new SUV + XBOX 360 or equivalent + a 36-42" HDTV + Cell phones for anyone over the age of 8 + Satellite or Cable TV + DVD Player + IPODs + HS INTERNET + all the Food & Drink that is necessary to maintain a weight of 200 lbs or more + a roof over your family's head + heat in the winter and AC in the Summer and FREE MEDICAL CARE!!
I couldn't agree more Comrade Goldstategop!
Today's class warfare update brought to you by the Center for Budget Priorities...
What is our exit strategy in the war on poverty?
It's the same people who say we need illegal immigrants that also claim to be for the poverty-stricken.
We don't need any illegal immigrants if there is a single person on welfare or unemployment insurance.
There are simply not enough pejoratives to describe how pathetically stupid this title is.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
"I have been saying for several years that we have lost the war on poverty and should just give up."
Yes! Redeploy now! HEY HO WHATTA YA KNOW, THE WAR ON POVERTY HAS GOTTA GO!
Understanding Poverty in America
http://www.heritage.org/Research/Welfare/bg1713.cfm
The following are facts about persons defined as "poor" by the Census Bureau, taken from various government reports:
Forty-six percent of all poor households actually own their own homes. The average home owned by persons classified as poor by the Census Bureau is a three-bedroom house with one-and-a-half baths, a garage, and a porch or patio.
Seventy-six percent of poor households have air conditioning. By contrast, 30 years ago, only 36 percent of the entire U.S. population enjoyed air conditioning.
Only 6 percent of poor households are overcrowded. More than two-thirds have more than two rooms per person.
The average poor American has more living space than the average individual living in Paris, London, Vienna, Athens, and other cities throughout Europe. (These comparisons are to the average citizens in foreign countries, not to those classified as poor.)
Nearly three-quarters of poor households own a car; 30 percent own two or more cars.
Ninety-seven percent of poor households have a color television; over half own two or more color televisions.
Seventy-eight percent have a VCR or DVD player; 62 percent have cable or satellite TV reception.
Seventy-three percent own microwave ovens, more than half have a stereo, and a third have an automatic dishwasher.
As a group, America's poor are far from being chronically undernourished. The average consumption of protein, vitamins, and minerals is virtually the same for poor and middle-class children and, in most cases, is well above recommended norms. Poor children actually consume more meat than do higher-income children and have average protein intakes 100 percent above recommended levels. Most poor children today are, in fact, supernourished and grow up to be, on average, one inch taller and 10 pounds heavier that the GIs who stormed the beaches of Normandy in World War II.
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Remember, "poverty" is defined by INCOME, not ASSETS.
An old lady could be living in a million dollar home, all paid for, but because she only gets a few hundred dollars in SS, she is considered "poor".
I'll have to inform my wife that she lives in extreme poverty despite my 6-figure income. It might even ruin her vacation to Florida next week.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
I'd be willing to bet that 80% of these "severely poor" families are either:
1) headed by an illegal alien
2) headed by a high school drop-out
3) headed by a ex-con
And 95% of them get charitable or government assistance of one kind or the other.
This is the one thing I don't doubt with the flood of illegal aliens, and the Federal Reserve throwing a tantrum every time wages start to go up.
I wonder if they count government assistance.
Actually, I wondered if my kid was included in that stat, based on income.
Of course, he is in HS, lives with mom and dad, and blows all his money on junk - maybe he is the extreme poor?
(Well, not really. He has SOME money in the bank).
My son and his girlfriend made a combined $28K last year bouncing around from jobs that pay above minimum wage. There WERE none that paid minimum wage.
Combine that with living at home and they were living high on the hog.
Oh, and they're only 19.
The stats they cite most likely only count reported cash income. Welfare benefits, "under-the-table" income, child support to mothers, Earned Income Tax Credit, etc are most likely not counted
Wonder if this was $9K before they received the $4,500 Earned Income Tax Credit, plus food stamps and welfare.
Or was this all welfare and EITC?
Because of illegal immigration.
And the poorest city in the country is the nation’s capital, Washington, D.C., with 10.8 percent being severely poor.
Then how do they afford all those really neat GUNS???
/s
I thought we solved the WOP during the Clinton administration. For eight years( 1993-2001) I never heard about poor people or homeless people.
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