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79%  
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Keyword: poor

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  • Obamanomics: Rich Get Richer, Everyone Else Gets Poorer

    04/25/2013 4:54:05 AM PDT · by IBD editorial writer · 13 replies
    Investor's Business Daily ^ | 04/24/2013 | IBD Staff
    When President Obama first ran in 2008, he claimed his economic policies would "foster economic growth from the bottom up and not just from the top down." He said he'd put in place "an immediate rescue plan for the middle class" and would end the "tired, worn-out, trickle-down ideologies we've been seeing for so many years." Obama got all he wanted in his first two years in the White House, when Democrats had solid control of Congress — a massive stimulus, auto industry bailouts, temporary middle class tax cuts, vast new regulations on businesses and ObamaCare. But his policies produced...
  • Can poor people be trusted with guns?

    03/12/2013 6:15:33 PM PDT · by marktwain · 41 replies
    foxnews.com ^ | 12 March, 2013 | John Lott
    Can poor people be trusted with guns? Overwhelmingly, Republicans thinks so. But while Democrats fight against taxes on the poor and oppose voter photo IDs because they impose too much of burden, they seem to be doing everything possible – from fees, expensive training requirements, and photo IDs -- to make it next to impossible for the poor to own guns. Indeed, legislation in at least 17 states around the country is aimed specifically at making it more costly to own a gun. Democrats are voting in mass against exempting the poor from fees when it comes to guns. New...
  • The sequester (Hussein's idea) hits the poor especially hard

    03/04/2013 5:13:45 PM PST · by Libloather · 21 replies
    MSN ^ | 3/04/13 | Jonathan Berr
    The $85 billion in federal spending cuts triggered by the sequester will hit low-income Americans dependent on government assistance especially hard, according to the Center for Budget and Policy Priorities, a progressive-leaning think tank. According to organization, about 3.8 million long-term unemployed workers with federally funded benefits will see about an 11% cut in those weekly benefits. The Women, Infants and Children nutrition program will have to turn away as many as 600,000 to 775,000 women and children by the end of the year. More than 100,000 people will lose housing aid. "There is no way to cut $85 billion...
  • New Social Class Coming

    02/01/2013 9:44:10 AM PST · by A'elian' nation · 6 replies
    Japan has recognized a new class of citizenry. They exist here too in great abundance. After the Fascist-Progressives get all the money they can get from the middle class and the rich and wealthy and still find themselves wanting, this is the next target group. They won't even have to tax them to fill their coffers. In just three years, Japan will reap 74 billion from them. But Japan has a labor shortage problem, and this could also be a way to solve that problem. It is also preferable to raising the minimum wage. So who is this new social/political...
  • Police officer buys homeless man a pair of shoes [Hold on...we have HOMELESSNESS under Obama?]

    11/30/2012 2:50:40 AM PST · by SoFloFreeper · 45 replies
    WWAY-TV ^ | November 30, 2012 | Katelyn Supa
    One tourist's photograph, among the countless snapped every day in the Big Apple, has gone viral. The moment captured is one of generosity, and since it was posted on Tuesday, it has circled the globe and brought a lot of attention to one young New York City cop. Had it not been for a tourist from Arizona who snapped the photo with her cell phone, Officer Lawrence DePrimo's act of kindness, giving boots to a homeless man, may have gone unnoticed. Tourist Jennifer Foster emailed the photo to the NYPD and they posted it to their Facebook page. Tens of...
  • How the $500 million Powerball lottery is a tax on the poor

    11/29/2012 8:11:47 AM PST · by ExxonPatrolUs · 51 replies
    The Week ^ | November 28, 2012 | Ryu Spaeth
    [Households that earn at most $13,000 a year spend 9 percent of their money on lottery tickets. ] With the Powerball lottery jackpot reaching a record $500 million, people from around the country are flocking to local convenience stores to try their luck. The majority of those standing in line for tickets and joining office pools are likely not habitual lottery devotees, but rather casual players who decided to get in on the fun once the media reported the unprecedented size of the pot. However, the everyday lottery business is a much grimmer affair, relying overwhelmingly on "poverty, habit, and...
  • So What If Taxing Rich Hurts the Economy? (And creates more poor?)

    11/22/2012 11:09:46 AM PST · by SeekAndFind · 35 replies
    Townhall ^ | 11/22/2012 | Larry Elder
    Consider this headline from a Reuters article in The Huffington Post: "Raising Taxes on Rich Won't Hurt Economic Growth, CBO Says." But the first paragraph refutes the headline: "Allowing income tax rates to rise for wealthy Americans would not hurt U.S. economic growth much (emphasis added) in 2013 ..." The CBO did not say, as the headline suggests, that raising taxes on the rich has no negative economic effect. In fact, the CBO actually said that extending the Bush-era rates for all would increase economic growth by 1.5 percent. If, however, the Bush era rates expired for the rich --...
  • What do the Poorest 10 Cities in America Have in Common?

    11/11/2012 5:54:52 PM PST · by TurboZamboni · 23 replies
    godfather politics ^ | 11-10-12 | gary demar
    Government programs designed to help the poor have destroyed generations of American families, schools, and culture. One would think that repeated bad economic news and the downgrading of families that inhibit job growth would lead people to find a better solution to help them out of their impoverished condition. Instead, they vote for the same type of politician who blames the wealthy, calls for tax increases, and wonders why poverty goes up, businesses move out, and crime and illegitimacy soar. The following ten cities have a great deal in common. The first thing is their poverty level. The second is...
  • Romney, Not Obama, Shows Concern For Nation's Poor

    10/30/2012 3:51:37 AM PDT · by Kaslin · 1 replies
    Townhall.com ^ | October 29, 2012 | Byron York
    CINCINNATI - There's an odd imbalance that few have noticed in this presidential campaign. In the midst of a continuing economic downturn, one candidate talks regularly about poverty, and the other doesn't. The one who does is the Republican, Mitt Romney. He's done it for a long time. Go back to Romney's March 30 speech in Appleton, Wis., in which he introduced the charge that President Obama is creating a "government-centered society." "Over 46 million Americans are now living in poverty, more than ever before in our nation's history," Romney said. "In households with single moms, over 39 percent are...
  • Look Toward Renewal

    10/27/2012 3:44:11 AM PDT · by Kaslin · 2 replies
    Townhall.com ^ | October 27, 2012 | Kathryn Lopez
    If we don't love the poor and do all we can to improve their lot, we're going to go to hell, the Catholic archbishop of Philadelphia, Charles J. Chaput, recently said. It's not pretty, but it is real. And not just if you believe in hell, but if you care about the future of the country, of civilization. We actually are a people of compassion, and we happen to believe that people who want to serve their neighbors out of love of God and humanity are a necessary thing for our neighborhoods, for civil society, for the life of our...
  • Poverty Nonsense

    10/17/2012 5:22:40 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | October 17, 2012 | Walter E. Williams
    Here's a recent statement frequently suggested by leftist academics, think tank researchers and policymakers: "People were not just struggling because of their personal deficiencies. There were structural factors at play. People weren't poor because they made bad decisions. They were poor because our society creates poverty." Who made that statement and where it was made is not important at all, but its corrosive effects on the minds of black people, particularly black youths, are devastating. There's nothing intellectually challenging or unusual about poverty. For most of mankind's existence, his most optimistic scenario was to be able to eke out enough...
  • Medicaid Plan Shows that Obama’s an Enemy of the Poor

    10/10/2012 9:58:16 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | October 10, 2012 | Peter Ferara
    As in so much else, Progressives hold an outdated conception of the debate over entitlements. They conceive it as the Left supporting generous entitlements for seniors and the poor with no questions asked, no obligations expected, versus the right supporting no safety net at all, let private charity handle it, and if some of the poor have to starve, and some of the sick suffer or die without health care, because private charity is inadequate, so be it. But modern, free market conservatives have built on Hayek's recognition that social safety nets are not inconsistent with free markets, and just...
  • Under Obama, Poor, Middle Class Incomes Fall Sharply

    10/02/2012 9:43:43 AM PDT · by Perdogg · 11 replies
    Despite repeated promises that he would build prosperity from the bottom up, President Obama has presided over three years of income losses for the middle class, according to the latest household income data from the Census Bureau. Since 2009, the middle 20% of American households saw their average incomes drop 4%. In 2011 alone, they fell 1.7%. The poorest 20% have fared even worse under Obama, Census data show. Their incomes have dropped more than 7% since 2009, and are now lower than they've been at any time since 1985, after adjusting for inflation.
  • Under Obama, Poor, Middle Class Incomes Fall Sharply

    10/02/2012 5:23:35 AM PDT · by IBD editorial writer · 5 replies
    Investor's Business Daily ^ | 10/02/2012 | John Merline
    Despite repeated promises that he would build prosperity from the bottom up, President Obama has presided over three years of income losses for the middle class, according to the latest household income data from the Census Bureau. Since 2009, the middle 20% of American households saw their average incomes drop 4%. In 2011 alone, they fell 1.7%. The poorest 20% have fared even worse under Obama, Census data show. Their incomes have dropped more than 7% since 2009, and are now lower than they’ve been at any time since 1985, after adjusting for inflation.
  • The Biblical Way to Care for the Poor

    09/28/2012 10:48:54 AM PDT · by paradoxical · 16 replies
    American Thinker ^ | September 23, 2012 | James Arlandson
    But a decentralized government program, moving away from Washington, D.C., follows the spirit of the old Law of Moses and the new Kingdom of God that Jesus ushered in more closely than a centralized bureaucracy does. If we insist on government bureaucracy doing our charity in our place, then at least it should be local. Yet, better than any state program, individual citizens, working together, need to step up and not wait for or depend on the government to do their charity work for them. And the poor need to work. We the people need to participate. Read more: http://www.americanthinker.com/2012/09/the_biblical_way_to_care_for_the_poor.html#ixzz27mt4wxgo
  • Study: Tax Cuts for the Rich Don't Spur Growth

    09/17/2012 4:27:59 PM PDT · by sirchtruth · 50 replies
    CNBC ^ | 09/17/12 | Robert Frank
    Cutting taxes for the wealthy does not generate faster economic growth, according to a new report. But those cuts may widen the income gap between the rich and the rest, according to a new report. A study from the Congressional Research Service -- the non-partisan research office for Congress -- shows that "there is little evidence over the past 65 years that tax cuts for the highest earners are associated with savings, investment or productivity growth." In fact, the study found that higher tax rates for the wealthy are statistically associated with higher levels of growth.
  • Fact Check: First Lady's False Fairy Tale of Struggle

    09/10/2012 8:40:43 AM PDT · by bigbob · 19 replies
    Breitbart.com ^ | 9-5012 | Joel B Pollack
    First Lady Michelle Obama’s pitch to voters last night relied on the premise that she and her husband understand what it is to struggle to make ends meet. She spoke movingly about their early years--about how a young Barack Obama drove a car that was “rusted out" and found his furniture “in a dumpster,” how they both came from families that had to “scrape by.” Her fairy tale--however well-delivered--was one great, big, colorful lie.
  • Agencies create plan for families in motels displaced by DNC

    08/29/2012 2:49:18 PM PDT · by TurboZamboni · 5 replies
    charlotte observed ^ | 8-28-12 | mark price
    CHARLOTTE, N.C. Mecklenburg County, the Wells Fargo Foundation and the Temple Beth El Religious School are among the contributors to a $20,000 fund to help keep low-income families from being displaced from motels by rising rates during the Democratic National Convention. The motel fund is part of a multi-tier approach homeless services agencies unveiled Monday in anticipation of as many as 100 families being displaced
  • You are Not Special

    08/05/2012 1:52:03 PM PDT · by jaypounder · 22 replies
    The Event ^ | 08/05/2012 | Jay Pounder
    You are not special… America… here is ugly truth… you are not special. You are not better than anyone else. There is nothing you can do better than anyone else. Everyone is just like you. You are not faster, smarter, prettier, or more special in the eyes man and God. But somehow you still think so. Check this video out... Depressing huh? This young ladies parents are doing her a huge disservice. By telling her that she is good at what she is doing is actually really, really bad for her. It is a false sense of hubris. I can't...
  • HHS Sends $5.9 Million to Program Run by Obama Buddy (U of Chicago program tied to MO)

    05/14/2012 11:49:21 AM PDT · by STARWISE · 26 replies
    White House Dossier ^ | 5-14-12 | Keith Koffler
    The Department of Health and Human Services last week announced it had awarded a $5.9 million grant to a University of Chicago Medical Center program tied to Michelle Obama and run by Eric Whitaker, one of President Obama’s closest friends. The Urban Health Initiative, which received the award, was originally based on a smaller program launched during the last decade by Michelle Obama, who was an executive at the University of Chicago Medical Center before she departed to become first lady. The UHI is headed up by Obama basketball and golf buddy Whitaker, who has known the president since Obama’s...
  • Do you feel sorry for the poor?

    07/24/2012 5:38:52 PM PDT · by sagar · 121 replies
    Am I the only one who feels utter and total contempt for the so called poor? This is the most free, by far, any country in the history of the world, and yet we have these scum-sucking parasites that have not taken advantage of it, instead they cannot take care of themselves, their children, nor their elderly. When I see a poor person, I am filled with disgust. How can this individual(or group of individuals) live like this and not feel that they have the opportunity just in front of them that the rest of the world would kill for?...
  • For Obama So Loved The Poor...

    07/24/2012 11:04:47 AM PDT · by The Looking Spoon · 5 replies
    The Looking Spoon ^ | 7-23-12 | The Looking Spoon
    Inspired from a tweet from @GreeneBri. You can see the original tweet here.
  • UN calls for 'billionaires tax' to help world's poor

    07/06/2012 4:04:28 PM PDT · by Beave Meister · 14 replies
    Yahoo News ^ | 7/6/2012 | Tim Witcher
    The United Nations on Thursday called for a tax on billionaires to help raise more than $400 billion a year for poor countries. An annual lump sum payment by the super-rich is one of a host of measures including a tax on carbon dioxide emissions, currency exchanges or financial transactions proposed in a UN report that accuses wealthy nations of breaking promises to step up aid for the less fortunate. The annual World Economic and Social Survey says it is critical to find new ways to help the world's poor as pledged cash fails to flow. The report estimates that...
  • Healthcare: Ask The Wrong Question, Get The Wrong Answer

    07/04/2012 12:56:41 PM PDT · by Etpa · 5 replies
    Engineering Thinking ^ | 7-3-12 | Ed Walker
    Engineering Thinking teaches us to challenge our assumptions, because if they are wrong, then our subsequent analysis and decisions will be wrong. The healthcare challenge — it is commonly assumed — is this: how can the government best ensure that the weakest members of society receive adequate health care? This is the wrong question. The reason it is wrong is that it is based on the flawed assumption that the government should be making our health care decisions. As discussed previously (see “Feedback, Prices, And Sullen Spouses“), the government is inherently inefficient, and is therefore the last organization that one...
  • WSJ Economist: 75% of Obamacare Costs Will Fall on Backs of Those Making Less Than $120K a Year

    07/02/2012 7:22:33 AM PDT · by Beave Meister · 7 replies
    Human Events ^ | 6/30/2012 | Jim Hoft
    Take Your Medicine, America… Stephen Moore, Senior Economics Writer with the Wall Street Journal, told FOX and Friends this morning that nearly 75% of Obamacare costs will fall on the backs of those Americans making less than $120,000 a year.
  • Health care ruling could leave poorest Americans at greatest risk

    06/29/2012 4:14:59 AM PDT · by tobyhill · 14 replies
    msnbc ^ | 6/28/2012 | M. Alex Johnson
    Now that the Supreme Court has upheld President Barack Obama's health care initiative, will Congress have to rewrite it from scratch? It's not a paradoxical question. The court signed off on nearly all of the Patient Protection and Affordable Care Act, but it struck down one provision, and in doing so — whether it knew it or not — it may have put the poorest Americans at the greatest risk of being left without any health insurance. Chief Justice John Roberts said as part of the 5-4 decision that states can't be penalized for refusing to join the law's expansion...
  • Accident-Zone: Poorer Neighborhoods Have Less-Safe Road Designs (Give me a BARF...)

    05/03/2012 11:50:50 PM PDT · by LibWhacker · 41 replies
    Scientific American ^ | 5/3/12 | Sarah Fecht
    Traffic injuries are four to six times higher in low-income areas of Montreal, compared with wealthy neighborhoods. Researchers find that better road designs could reduce those disparities Approximately 40,000 people will die on U.S. roads this year, and thousands more will be injured. A disproportionate number of those traffic injuries will befall people from lower-income communities. According to new research, pedestrians in the poorest neighborhoods of Montreal were six times more likely to suffer traffic injuries than pedestrians in the wealthiest neighborhoods. Bicyclists and motorists in poorer neighborhoods were also at greater risk; they were four times more likely to...
  • The strange budget priorities of Obama: Subsidizing car purchases for the 1% over poor children

    In my column for The Fiscal Times today, I remind readers that budgets are statements of priorities. Barack Obama’s budget shows his priorities on many levels, both at the macro and micro level. Given the large amount of new spending and higher taxes, it’s very easy to conclude at the macro level that Obama doesn’t think that spending reductions are a priority at all. How about on the micro level? Changes to three different programs give an even clearer indication of Obama’s priorities: "One is to the D.C. Opportunity Scholarship Program that helps poor children opt out of failing public...
  • The poor pay the price for Obama’s politics

    02/06/2012 9:26:44 PM PST · by Nachum · 8 replies
    Washington Post ^ | 2/6/12 | Michael Gerson
    Some issues fade; others fester. The Obama administration’s contraceptive mandate for religious charities, hospitals and universities is the festering kind. The initial reaction concerned the rights of institutions. Catholic organizations naturally resent being forced to buy health insurance that covers sterilization, contraceptives and drugs that can end a pregnancy soon after conception. The Obama administration seems to have calculated that, since contraceptives are popular and the Catholic Church is not, the outcry would be isolated. But religious liberty is also popular, given the Constitution and all that.
  • Obama's Social Justice of Housing Model to Follow

    02/06/2012 4:44:12 PM PST · by CincyRichieRich · 6 replies
    Yahoo News via Good Morning America ^ | 2-6-12 | By ANNE-MARIE DORNING and SUSANNA KIM
    Kenneth Robinson has finally been kicked out of the $340,000 home that he had lived in since June for $16. Robinson, 51, lived on Waterford Drive in Flower Mound, Texas, but he did not own or rent the home he claimed he had a right to live in. After the owner abandoned the property, which had been in foreclosure for over a year, and the mortgage company reportedly went out of business, he submitted a $16 filing fee at the local courthouse, claiming the law of "adverse possession" gave him the right to occupy the home. However, a judge in...
  • Tale of two small countries (Cayman and Belize are very similar. Yet, one is rich, the other poor)

    01/17/2012 7:44:28 AM PST · by SeekAndFind · 35 replies
    Washington Times ^ | 01/17/2012 | Richard Rahn
    Cayman is rich, and Belize is poor. Why? Both are small Caribbean countries with the same climate and roughly the same mixed racial heritage, and both were English-speaking British colonies. Belize (the former British Honduras) received its independence in 1981, while Cayman is still not fully independent but is self-governing at the local level, with its own currency, laws and regulations. Belize should be richer: It has a larger population than Cayman (345,000 as contrasted with Cayman’s 54,000). Belize has a much larger and more varied land area with many more natural resources, including gas and oil, and some rich...
  • Conflict between rich, poor strongest in 24 years

    01/11/2012 3:48:06 PM PST · by americanophile · 24 replies
    Sacramento Bee ^ | Jan. 11, 2012 | HOPE YEN
    WASHINGTON -- Tensions between the rich and poor are increasing and at their most intense level in nearly a quarter-century, a new survey shows. Americans now see more social conflict over wealth inequality than over the hot-button topics of immigration, race relations and age. The survey released Wednesday by the Pew Research Center highlights U.S. perceptions of the economic divide, an issue that has moved to the forefront in the 2012 presidential campaign amid stubbornly high unemployment, increasing poverty and protests by the Occupy movement.
  • Team O’s ‘poor’ trick (Obama now considers those making above $75,000 'poor')

    12/23/2011 10:47:59 AM PST · by SeekAndFind · 33 replies
    New York Post ^ | 12/23/2011 | Robert Rector
    New Yorkers can be forgiven for shock at the newspaper headlines last week informing them that millions more of them were “near poor” or “low income.” They might relax a bit on learning that the “root cause” is simply new definition of poverty from the Census Bureau. Indeed, under the Census definition, a family in New York City is “near poor” if it has full medical insurance and an annual income below $77,000. (In Oakland, Calif., the figure is $88,000!) The Census report actually put nearly half the US population as “low income” — and news stories typically implied the...
  • The Rich Are Getting Richer… Yeah But So Are the Poor

    12/16/2011 1:43:09 PM PST · by SeekAndFind · 4 replies · 1+ views
    Ammo Land ^ | 12/12/2011 | Jarret Skorup
    “No matter your thoughts about the Occupy Wall Street movement, the protesters were right in at least one respect: The rich are getting richer, and the poor are getting poorer.” Variations on this statement were repeated in dozens of blogs, commentaries, and even news reports in the past months. The claim comes via a Congressional Budget Office analysis that shows incomes for the top 1 percent of Americans growing by 275 percent between 1979 and 2007, while the lowest 20 percent saw their inflation-adjusted incomes grow by “only” 18 percent. The numbers from the report are correct, but the assertions...
  • US election 2012: Mitt Romney's life as a poor Mormon missionary in France questioned

    12/16/2011 8:49:23 AM PST · by Colofornian · 33 replies
    The Telegraph (UK) ^ | Dec. 15, 2011 | Henry Samuel and Paris and Jon Swaine
    It was a rare reflection by Mitt Romney on his life as a young Mormon, offered as proof to struggling Americans that despite being born into privilege and amassing a $250 million fortune, he too had known hard times. A day after being labelled “out of touch” for casually offering a $10,000 bet to a rival candidate, Mr Romney told supporters he had experienced austerity as a missionary in France, using a bucket for a lavatory and a hose for a shower. “You’re not living high on the hog at that kind of level,” he said. But the Republican presidential...
  • What Is "Rich" and "Poor" In America?

    12/13/2011 7:13:16 AM PST · by SeekAndFind · 9 replies · 1+ views
    Real Clear Markets ^ | 12/13/2011 | Dean Kalahar
    Class warfare and income redistribution rhetoric has always been fashionable among self anointed protestors and politicians who play the old game of divide and conquer, telling us the greedy "rich" need to "pay their fair share." This would be tedious if it did not have serious implications for tearing communities apart. Let's take a look. According to IRS data, there are 1.38 million Americans in the top 1% earning at least $343,927 a year. This is a generous living but hardly the cash flow to purchase a corporate jet and luxury yacht. There are 138,000 Americans in the top .1%...
  • Northeast states cut heating aid to poor

    12/11/2011 9:30:24 AM PST · by Nachum · 60 replies
    Breitbart ^ | 12/11/11 | ap
    WASHINGTON (AP) - Mary Power is 92 and worried about surviving another frigid New England winter because deep cuts in federal home heating assistance benefits mean she probably can't afford enough heating oil to stay warm. She lives in a drafty trailer in Boston's West Roxbury neighborhood and gets by on $11,148 a year in pension and Social Security benefits. Her heating aid help this year will drop from $1,035 to $685. With rising heating oil prices, it probably will cost her more than $3,000 for enough oil to keep warm unless she turns her thermostat down to 60 degrees,...
  • Franciscan Univ Honors Fr Benedict Groeschel, CFR, for Sce to World’s Material and Spiritual Poor

    12/02/2011 2:33:32 PM PST · by NYer · 5 replies
    Insight Scoop ^ | December 2, 2011 | Carl Olson
    STEUBENVILLE, OH—Franciscan University of Steubenville awarded its 2011 Poverello Medal to Father Benedict Groeschel, CFR, for his lifetime of service to the materially and spiritually poor. The medal, which is the highest, non-academic honor the University can bestow, was presented to Father Groeschel on Thursday, November 17, 2011, in New York City. The awards ceremony began with Mass, attended by Franciscan University friends and alumni, as well as members of the Franciscan Friars of the Renewal, the order that Father Groeschel helped found in 1987. The Mass was held at the Church of the Guardian Angel in Chelsea. Father...
  • Rich China, poor China : Which is it?

    11/15/2011 10:11:05 AM PST · by SeekAndFind · 2 replies
    Washington Times ^ | 11/15/2011 | Richard Rahn
    “Air in many China cities remains highly polluted.” No, this is not a headline in the Onion (satirical newspaper), but the front-page lead headline in the Shanghai Daily on Nov. 8. Shanghai is a city of 23 million people, which at first glance appears to be, perhaps, the most modern city on the planet. The architecture is spectacular and varied, with some of the new edifices exceeding 100 stories. It looks prosperous - nicely dressed people; wide, tree-lined streets; well-maintained flower beds; and the world’s newest auto stock on its many crowded expressways. To a lesser extent, the same thing...
  • The Rich Are Getting Richer; So Are the Poor

    11/07/2011 1:04:34 PM PST · by MichCapCon · 9 replies
    Michigan Capitol Confidential ^ | 11/7/2011 | Jarrett Skorup
    No matter your thoughts about the Occupy Wall Street movement, the protesters are right in at least one respect: The rich are getting richer, and the poor are getting poorer.” Variations on this statement have been repeated in dozens of blogs, commentaries and even news reports over the past several weeks. The claim comes via a Congressional Budget Office analysis showing that incomes for the top 1 percent of Americans grew by 275 percent between 1979 and 2007, while the lowest 20 percent saw their inflation-adjusted incomes grow by “only” 18 percent. The numbers from the report are correct, but...
  • Extreme Poverty Is Now At Record Levels (HOPEY-CHANGEY!)

    11/06/2011 6:49:33 AM PST · by tcrlaf · 48 replies
    Zero Hedge- ^ | 11-05-11 | Ilene
    The extreme the wealth disparity in the U.S. keeps on widening. We already know that people at the higher percentage levels are doing well, particularly at the highest, while the middle class is shrinking rapidly. Here, Michael Snyder presents some handy statistics on the growth at the lowest levels of poverty. Extreme Poverty Is Now At Record Levels – 19 Statistics About The Poor That Will Absolutely Astound You Courtesy of Michael Snyder of Economic Collapse [Extreme Poverty Is Now At Record Levels - 20 Statistics About The Poor That Will Absolutely Astound You] According to the U.S. Census Bureau,...
  • The Rich Are Getting Richer; So Are the Poor

    11/05/2011 12:46:45 PM PDT · by MichCapCon · 22 replies
    Mackinac Center for Public Policy ^ | 11/4/2011 | Jarrett Skorup
    “No matter your thoughts about the Occupy Wall Street movement, the protesters are right in at least one respect: The rich are getting richer, and the poor are getting poorer.” Variations on this statement have been repeated in dozens of blogs, commentaries and even news reports over the past several weeks. The claim comes via a Congressional Budget Office analysis showing that incomes for the top 1 percent of Americans grew by 275 percent between 1979 and 2007, while the lowest 20 percent saw their inflation-adjusted incomes grow by “only” 18 percent. ... The actual empirical evidence cited has been...
  • Gangs Are Pillaging Europe's Poor And Selling Their Kidneys (and even making a killing)

    11/03/2011 9:23:30 AM PDT · by SeekAndFind · 2 replies
    Business Insider ^ | 11/03/2011 | Robert Johnson
    <p>Europe's most poverty stricken residents, from the corners of countries like Belarus and the Ukraine,are being lured by easy money and empty promises to donate vital organs to smugglers.</p> <p>Bloomberg reports the practice is becoming a near epidemic in Israel where religious practices keep the organ donor pool at one of the lowest level in developed countries.</p>
  • The 'Hunger' Hoax (Thomas Sowell)

    10/03/2011 11:10:09 AM PDT · by jazusamo · 48 replies
    Creators Syndicate ^ | October 4, 2011 | Thomas Sowell
    Twenty years ago, hysteria swept through the media over "hunger in America." Dan Rather opened a CBS Evening News broadcast in 1991 declaring, "one in eight American children is going hungry tonight." Newsweek, the Associated Press and the Boston Globe repeated this statistic, and many others joined the media chorus, with or without that unsubstantiated statistic. When the Centers for Disease Control and the Department of Agriculture examined people from a variety of income levels, however, they found no evidence of malnutrition among those in the lowest income brackets. Nor was there any significant difference in the intake of...
  • Study: Largest U.S. group of poor kids is now Hispanic

    09/30/2011 5:04:58 AM PDT · by Libloather · 18 replies
    CNN ^ | 9/30/11 | Zohreen Adamjee and Michael Martinez
    Study: Largest U.S. group of poor kids is now HispanicBy Zohreen Adamjee and Michael Martinez, CNN updated 5:33 AM EST, Fri September 30, 2011 Los Angeles (CNN) -- For the first time in U.S. history, the largest single group of poor children in any racial or ethnic category is Hispanic, according to a new survey. Calling it "a negative milestone" in Hispanics' explosive growth in the United States, the Pew Hispanic Center study said in 2010, 37.3% of poor children in the U.S. were Hispanic, compared with 30.5% white and 26.6% black. The Pew analysis of new census data put...
  • Reading, Pa., Knew It Was Poor. Now It Knows Just How Poor.

    09/27/2011 3:02:59 PM PDT · by Cardhu · 31 replies
    NYTimes ^ | Sept 26th 2011 | Sabrina Tavernisi
    READING, Pa. — The exhausted mothers who come to the Second Street Learning Center here — a day care provider for mostly low-income families — speak of low wages, hard jobs and an economy gone bad. Ashley Kelleher supports her family on the $900 a month she earns as a waitress at an International House of Pancakes. Louri Williams packs cakes and pies all night for $8 an hour, takes morning classes, and picks up her children in the afternoon. Teresa Santiago takes complaints from building supply customers for $10 an hour, not enough to cover her $1,900 in monthly...
  • 'Buffett Rule' a bust in California

    09/22/2011 2:15:49 AM PDT · by Cincinatus' Wife · 15 replies
    Los Angeles Times ^ | September 22, 2011 | By George Skelton Capitol Journal
    If President Obama really wants to see the "Buffett Rule" in action, he should look at California's tax system. The state has been plagued by it for years. The revenue stream is unstable and the state budget has been a deficit disaster. [snip] ..two principal reasons why Buffett can get away with paying at a lower federal rate than his secretary — but couldn't if he had to pony up for state taxes in California. One is that capital gains and dividend income are taxed by the federal government at lower rates than ordinary earnings. That's not true for California...
  • Why Democrats Need More Poor People

    09/20/2011 3:05:28 PM PDT · by The Looking Spoon
    The Looking Spoon ^ | 9-20-11 | Jared H. McAndersen
    I didn't come up with this, just the graphic for it. If anyone knows who did please let me know so that person can get the attribution they absolutely deserve for this.
  • Are You Poor?

    09/17/2011 4:14:38 AM PDT · by Kaslin · 46 replies
    Townhall.com ^ | September 17, 2011 | Bill O'Reilly
    The folks are getting hosed. According to the American Debt Advisor outfit, 80 percent of us now owe money to creditors. If you exclude mortgages and car payments, about 50 percent of us are in debt. And that's why the economy is having so much trouble. Consumers have to be very careful about what they buy, or risk sinking into insolvency. Some pundits place the blame on unemployment, which is currently just over 9 percent. But that's not what is driving debt. Taxation is. The mean salary in America is just about $50,000. But if you live in Los Angeles,...
  • Comcast launching low-cost Internet

    09/13/2011 8:03:48 AM PDT · by WOBBLY BOB · 36 replies
    pioneer press ^ | 9-13-11 | Leslie Brooks Suzukamo
    Comcast, the largest cable operator in the Twin Cities and the nation, on Thursday will use St. Paul's Neighborhood House as the backdrop to unveil a program offering fast Internet access to low-income Twin Cities families for $10 a month. Comcast's program, called Internet Essentials, is a national effort to help bridge the "digital divide" for low-income families who cannot afford the high cost of Internet broadband. The program will enroll families for three years, but those families potentially could continue to use it until their children graduate high school, according to company officials. "We're transforming the way low-income households...