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Old 04-03-2013, 12:35 PM  
BucEyedPea BucEyedPea is offline
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U.S. sees highest poverty spike since the 1960s...

http://www.dailymail.co.uk/news/arti...-spending.html
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Old 04-03-2013, 12:39 PM   #2
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yeah, but the top 1% are doing far better than ever and that's the ONLY thing that matters.
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Old 04-03-2013, 01:10 PM   #3
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The number of Americans living in poverty has spiked to levels not seen since the mid 1960s, classing 20 per cent of the country’s children as poor.


It comes at a time when government spending cuts of $85 billion have kicked in after feuding Democrats and Republicans failed to agree on a better plan for addressing the national deficit.


The cuts will directly affect 50 million Americans living below the poverty income line and reduce their chances of finding work and a better life.

Before spending cuts kicked in on March 1st, 49-year-old Antonio Hammond became a success story for Catholic Charities of Baltimore - one of a multitude of organizations trying to haul people out of poverty.

In this Maryland port city, one of four residents is considered poor by U.S. government standards.


Hammond says he ended up in Baltimore three years ago, addicted to crack cocaine and snorting heroin, living in abandoned buildings where "the rats were fierce," and financing his addiction by breaking into cars and stealing copper pipes out of crumbing structures.


Eighteen months after finding his way to Catholic Charities via a rehabilitation center, the Philadelphia native is back in the work force, clean of drugs, earning $13 an hour cleaning laboratories for the Biotech Institute of Maryland and paying taxes.


Catholic Charities, which runs a number of federally funded programs, spent $18,000 from privately donated funds to turn around Hammond's life through the organization's Christopher's Place program which provides housing and support services to recovering addicts and former prisoners.


Such success stories are in danger as billions in federal government spending cuts begin squeezing services for the poor nationwide.


They are hitting as the U.S. slowly climbs out of the deepest economic downturn since the Great Depression of the 1930s.


"All I wanted to do was get high," Hammond said. "I didn't even know any more how to eat or clean myself."


Now he lives with two other men in housing subsidized by the charity, got his driver's license and bought a car. What he marvels at the most is that he has been accepted after a 20-year absence by some of his nine children. That's the best part, he said. "At least I know now they might not hate me."


The U.S. Census Bureau puts the number of Americans in poverty at levels not seen since the mid-1960s when President Lyndon B. Johnson launched the federal government's so-called War on Poverty.


As President Barack Obama began his second term in January, nearly 50 million Americans — one in six — were living below the income line that defines poverty, according to the bureau. A family of four that earns less than $23,021 a year is listed as living in poverty.


The bureau said 20 percent of the country's children are poor.


Although it is far from the country's poorest city, Baltimore's poverty rate far outstrips the national average of one in six.


Catholic Charities of Baltimore is a conduit for state and federal money for programs designed to help the poor. The charity plays a major role in administering Head Start, a federal program that provides educational services for low-income pre-school children and frees single mothers to find work without the huge expense of childcare.


The spending cuts, known as the sequester, are going to hit Head Start especially hard.


"Before the sequester only half of the need was being met. Now, after the cuts fully take effect, there will be 900 children already in the program who won't be able to take part," said William McCarthy, executive director of Catholic Charities.


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Old 04-03-2013, 01:15 PM   #4
BucEyedPea BucEyedPea is offline
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yeah, but the top 1% are doing far better than ever and that's the ONLY thing that matters.
Those are the crony Progs aka fascists.

Crony fascism is causing the Middle Class to disappear.

Fastest-Growing Jobs Pay Under $10/Hour as reported by CNN based on a 2012 report by the National Employment Law Project.
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Old 04-03-2013, 01:22 PM   #5
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Originally Posted by BucEyedPea View Post
Those are the crony Progs aka fascists.

Crony fascism is causing the Middle Class to disappear.

Fastest-Growing Jobs Pay Under $10/Hour as reported by CNN based on a 2012 report by the National Employment Law Project.
I don't like averages, but I read this average the other day

since about 1966, the average increase of annual pay for the bottom 90% is $66. The average increase of annual income for the top 10% is about $115,000. I'll try to find the link, but it's averages and that's not really a good way to evaluate things. But still interesting.
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Old 04-03-2013, 01:24 PM   #6
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Originally Posted by Bump View Post
I don't like averages, but I read this average the other day

since about 1966, the average increase of annual pay for the bottom 90% is $66. The average increase of annual income for the top 10% is about $115,000. I'll try to find the link, but it's averages and that's not really a good way to evaluate things. But still interesting.
wow, that makes me feel good about myself

thanks bump!
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yeah i may be a retard but I'll be the one banging your girlfriend when you're out with your friends.
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Old 04-03-2013, 01:40 PM   #7
BucEyedPea BucEyedPea is offline
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Originally Posted by Bump View Post
I don't like averages, but I read this average the other day

since about 1966, the average increase of annual pay for the bottom 90% is $66. The average increase of annual income for the top 10% is about $115,000. I'll try to find the link, but it's averages and that's not really a good way to evaluate things. But still interesting.
It does show a trend. The cronies have built themselves a wall of protection from competition is what I'd say accounts for their better averages.
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Old 04-03-2013, 01:42 PM   #8
BucEyedPea BucEyedPea is offline
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Robert Wenzel, an Austrian Economist who writes an Economic Policy Journal:
"The crony capitalists have built a moat around their businesses, eliminating the kind of competition that would hire high skilled labor. Obamacare, simply adds to the difficulties in hiring anything but very cheap labor. Outside of a tiny sliver of opportunity for software engineers and lawyers in Silicon Valley, you either launch something on your own or you will end up part a low paid tool for the crony machine. "
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Old 04-03-2013, 01:57 PM   #9
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Originally Posted by Bump View Post
I don't like averages, but I read this average the other day

since about 1966, the average increase of annual pay for the bottom 90% is $66. The average increase of annual income for the top 10% is about $115,000. I'll try to find the link, but it's averages and that's not really a good way to evaluate things. But still interesting.
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wow, that makes me feel good about myself

thanks bump!
I am the 10%!!
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Old 04-03-2013, 02:07 PM   #10
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Obama to take a 5% pay cut so he can be more like the average income
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Old 04-03-2013, 02:11 PM   #11
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the sham is coming full circle.
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Old 04-03-2013, 02:14 PM   #12
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I wonder what percentage of children live in poverty when they come from a family with married parents who aren't on drugs.
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Old 04-03-2013, 02:15 PM   #13
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I wonder what percentage of children live in poverty when they come from a family with married parents who aren't on drugs.
no no no

smoking weed makes you have more money, it's scientifically proven
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Old 04-03-2013, 02:15 PM   #14
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I wonder what percentage of children live in poverty when they come from a family with married parents who aren't on drugs.
I would think it drops way off until you get into the hills of Kentucky
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Old 04-03-2013, 02:23 PM   #15
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no no no

smoking weed makes you have more money, it's scientifically proven
All that money saved on gas by not having to drive to a job, it practically pays for itself.
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