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This is why middle class 45-54 year olds are using drugs and killing themselves.
The economy sucks so bad.
The Causes of Income Inequality
http://www.americanthinker.com/articles/2015/11/the_causes_of_income_inequality.html
“The federal government encourages the massive illegal and legal immigration that plays a huge role in job scarcity and income suppression for American workers. To paraphrase Milton Friedman, a viable economy cannot exist with open borders and unrestricted immigration.”
Liberals are so shockingly stupid that they look at this explosive growth in the numbers experiencing poverty and say, “imagine how much worse it would have been without Obama, without Obamacare, without the TARP/Bailout/Stimulus.”
Conservatives look at the same facts and say, “this is exactly what we warned you would happen with Obama, with Obamacare, with the TARP/Bailout/Stimulus.”
Yet, no one in America is starving. And I wonder how many “poor” Americans have big screen TV’s, air conditioning, a bed to sleep in.
Oh, and a smart phone.
ObamaPoverty.
Froeseeably and inevitably has followed ObamaCare, ObamaMinimumWage, ObamaRegulations and all the other ObamaNations.
When Lyndon Johnson started his WAR ON POVERTY, a cartoon appeared in a newspaper which summed it up exactly.
A poverty stricken Hillbilly is sitting on his log cabin front porch and his wife, reading a newspaper, says to him.
“Homer, the President says he is going to start a war on Poverty!”
Homer says: “Well, if HE wants me to join, he is going to have to draft me!”
But, as long as the Anointed Won is in the Oval Office, the only thing you will hear about this is... [crickets].
However, if a conservative Republican defies the odds and wins the nomination (which is the only way Shrillary! will lose), you can expect it will become the lead crusade... err, news story.
Fact #22 - virtually all of the growth in poverty has been due to the flood of illiterate, impoverished illegal aliens, encouraged by the government and big business interests.
Sounds like that War on Poverty that LBJ started in 1965...needs to declare a truce, it ain´t working. Makes one right proud to be PRESIDENT OF THE USA looking at these stats.
Thanks Obama!
We have No poverty in the US, yet.
Wonder how much of the influx of illegal immigrants contributed to these stats? Or more will contribute once they are given a path to citizenship?
The Federal Government uses a false description of poverty.
For a family of 4, it is ~$24,000.
If you make $24k a year, you are in the top 2.25% of the world’s population for income.
http://www.globalrichlist.com/
LBJ and good ole Teddy Kennedy struck us death blows...... LBJ the war on poverty and Teddy the immigration act that assured all post 1965 immigrants came from the turd world.
Insofar as there are people living under world median income - yes, help them. But stop defining the phrase up to include ever-more of the world's 80th percentile in wealth.
Lots of the article is BS. Lots of kids get lunch payments because there is no check - in fact, I had a school official try to get me to sign my kids up for free meals.
47 million in poverty...but what is poverty? Is it being in the lowest 20% of income? In that case, 47 million would be about right. And it does not include food stamps and some forms of welfare payments.
1.5 million “households” living on $2/day, $60/month? BS! Total garbage. It is not happening.
1/3 of kids live in households with income below 60% of the median. Hmmm...60% of 50% is 30%. So one third of kids live in households in the bottom 30% of income. Sounds about right.
ObiOnes fault
Quick responses:
#1 “Poverty” is undefined. There are a lot of people whose income depends on making sure that “poverty” is as expansive as can be.
#2 Children on food stamps went from 1 in 8 to 1 in 5 UNDER THE OBAMA’S ADMINISTRATION. This very well could be from expanded eligibility, not change in actual hunger.
#3 1.5M homes living on $2/day? OK, they need help - what do they need and where should charities send help?
#4 Food banks are largely open to anyone, no questions asked. I’ve actually had trouble finding someplace to give away several bushels of bread a week.
#5 Homeless children are, I expect, largely a consequence of family breakdown, much of which in allowance with Leftist “family values” (celebration of single parenthood, out-of-wedlock birth, release of mentally ill, etc).
#6 One night in emergency housing does not make for poverty.
#7 Allow homelessness, protect it as a right, and subsidize those living that way, and you’ll get more “homeless enclaves”.
#8 School lunch subsidy eligibility has been expanded tremendously; no wonder there are more kids getting free food.
#9 The government is giving away ever more welfare under broadening eligibility guidelines. No wonder more homes receive some federal monies.
#10 See #5.
#11 Again, “poverty” is undefined. Reviewing #5 may be very relevant.
#12 Move.
#13 Maybe there’s a meaningful correlation there. We’re not allowed to discuss it.
#14 See #5, which has a strong correlation to poverty. Don’t make ‘em together if you’re not going to raise ‘em together.
#15 I did too. Didn’t consider it a problem, it was a good chance to save before heading out.
#16 Regulations make it ever harder to hire at a “good” wage.
#17 Between high minimum wages preventing job creation, and lucrative benefits, there’s little incentive to make/take jobs.
#18 Mortgage industry has made it more profitable to build more expensive homes (more money from fewer buyers). Society doesn’t want affordable homes.
#19 According to recent tax deadlines, government is taking a ridiculous percentage of earners’ incomes - making it hard to live without debt.
#20 See #18. Mortgage debt is encouraged & expected & normalized. Oh, and seeing as the federal government owes $18,000,000,000,000 and has less cash on hand than Apple, let’s start with curbing federal spending first.
#21 If you took all wealth from the top 0.1% and gave it all to the bottom 90%, you’d double their wealth. Think about whether that would really make a difference.