Posted on 11/15/2012 11:27:26 AM PST by george76
Barack Obama is set to begin his second term, new statistics on America’s poverty rate indicate that nearly 50 million Americans, more than 16 percent of the population, are struggling to survive.
New figures released by the Census Bureau this week found a spike in poverty numbers last year, going from 49 million in 2010 to 49.7 million last year. The numbers may come as a surprise to Congress, which estimated in September that the poverty rate would drop to 46.2 million.
(Excerpt) Read more at washington.cbslocal.com ...
>> nearly 50 million Americans, more than 16 percent of the population, are struggling to survive.
I am appalled. Clearly, we must immediately tax the working people out the wazoo so the government can give all these poor people more free sh!t.
That’s pretty much what the poverty rate was in 1965 when “The War On Poverty” began.
Now, 15 TRILLION dollars later, virtually no change.
How dreadful and what a farce of public policy.
Unfounately it’s not a joke anymore ... social justice at Mickey D’s.
I bet if the Keystone XL had gone through he would be working steady. What that jerk in the WH has done to this country is criminal!
We havn’t actually hit the hard times. The last four years have been the run up to the real hard times. Wait until the US Dollar is worthless. Print all you want it won’t matter.
Then we will know hard times.
The media must be relieved. Now that their best selling product, Barry Hussien Soetoro has been elected, they can go back to reporting the actual bad news.
Correct. We've just been eating the seed corn. Soon, that will be gone and then we are in some deep sh!t.
That wouldn’t have stopped voter fraud.
Forgeign lenders are in the minority. The bulk of US debt is held by private Americans. China holds less than 8%, by comparison.
As usual, the responsible ones, the ones who save and invest, will be screwed by the rest. And it won't stop until the whole thing collapses.
My belief
This news would not have mattered.
Sorry. folks. we’ve hit the tipping point,
Hope and Change.
“When foreigners wake up and stop lending, the party will be over.”
They already have. Most of the debt is purchased by the Federal Reserve.
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