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Title: 15 Shocking Poverty Statistics That Are Skyrocketing as the American Middle Class Continues To Be Slowly Wiped Out
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URL Source: http://www.lewrockwell.com/rep/15-shocking-poverty-stats.html
Published: Sep 19, 2010
Author: Economic Collapse Blog
Post Date: 2010-09-19 03:34:02 by Capitalist Eric
Keywords: None
Views: 6035
Comments: 8
The "America" that so many of us have taken for granted for so many decades is literally disintegrating right in front of our eyes. Most Americans are still operating under the delusion that the United States will always be "the wealthiest nation" in the world and that our economy will always produce large numbers of high-paying jobs and that the U.S. will always have a very large middle class. But that is not what is happening. The very foundations of the U.S. economy have rotted away and we now find ourselves on the verge of an economic collapse. Already, millions upon millions of Americans are slipping out of the middle class and into the devastating grip of poverty. Statistic after statistic proves that the middle class in the United States is shrinking month after month after month. Meanwhile, millions of Americans are starting to wake up and are beginning to realize that we have very serious problems on our hands, but they have no idea what is causing our economic distress and they are unaware that most of our politicians have absolutely no idea how to fix the economic disaster that we have created. On the mainstream news, the American people are treated to endless footage of leaders from both political parties proclaiming that the primary reason that we are in the midst of such an economic mess is because of what the other political party has done. Republicans proclaim that we are experiencing all of this economic chaos because of the Democrats. Democrats proclaim that we are experiencing all of this economic chaos because of the Republicans. Even many readers of this column (who are generally more educated and more informed than most average Americans) leave comment after comment blaming either the Democrats of the Republicans for our current economic mess. But do you really want to know who is to blame for our economic problems? Both of them. This economic nightmare has taken literally decades to develop, and both Democrats and Republicans have contributed greatly to this disaster. Both parties have absolutely refused to stand up to the Federal Reserve and the horrific economic policies that they have been shoving down our throats for decades. Both parties have stood idly by as the U.S. trade deficit has absolutely exploded in size and the United States has become significantly poorer month after month after month. Both parties have refused to do anything as month after month after month large numbers of factories and good paying jobs leave the United States. Both parties have shoved the spending accelerator to the floor when they have been in power and now we have the largest national debt in the history of the world. Both parties have done essentially nothing as the health care industry, which was once the envy of the world, has degenerated into a cesspool of corruption and greed and now seems designed to do little more than to provide pharmaceutical companies and health insurance crooks with obscene profits. If factories keep leaving the United States and jobs keep leaving the United States and the federal government keeps going into more debt and state governments keep going into more debt and local governments keep going into more debt, then things are going to keep getting worse. It does not take a genius to figure that out. The United States is continually getting poorer and is continually going into more debt. Can anyone out there explain how that is a formula for economic prosperity? Seriously. Can anyone explain how that would work? Please leave a comment and explain that to all of us if you can. The truth is that as wealth continues to leave the United States and as the U.S. gets even deeper into debt, more Americans are going to become poor. It really is that simple. The following are 15 shocking poverty statistics that are skyrocketing as the American middle class continues to be slowly wiped out.... #1 Approximately 45 million Americans were living in poverty in 2009. #2 According to the Associated Press, experts believe that 2009 saw the largest single year increase in the U.S. poverty rate since the U.S. government began calculating poverty figures back in 1959. #3 The U.S. poverty rate is now the third worst among the developed nations tracked by the Organization for Economic Cooperation and Development. #4 According to the U.S. Department of Agriculture, on a year-over-year basis, household participation in the food stamp program has increased 20.28%. #5 The number of Americans on food stamps surpassed 41 million for the first time ever in June. #6 As of June, the number of Americans on food stamps had set a new all-time record for 19 consecutive months. #7 One out of every six Americans is now being served by at least one government anti-poverty program. #8 More than 50 million Americans are now on Medicaid, the U.S. government health care program designed principally to help the poor. #9 One out of every seven mortgages in the United States was either delinquent or in foreclosure during the first quarter of 2010. #10 Nearly 10 million Americans now receive unemployment insurance, which is almost four times as many as were receiving it in 2007. #11 The number of Americans receiving long-term unemployment benefits has risen over 60 percent in just the past year. #12 According to one recent survey, 28% of all U.S. households have at least one member that is looking for a full-time job. #13 Nationwide, bankruptcy filings rose 20 percent in the 12-month period ending June 30th. #14 More than 25 percent of all Americans now have a credit score below 599. #15 One out of every five children in the United States is now living in poverty. As millions more Americans continue to climb on to the "safety net", how long is it going to be before it breaks? The reality is that the system can only support so many people. We are now at a point where our anti-poverty programs are clearly unsustainable in the long-term, but nobody has a solution for how we are going to get all of these people off of these programs or how we are going to provide good jobs for all of them. The cost of every U.S. government anti-poverty program is absolutely soaring. Meanwhile, the U.S. government is already running a budget deficit that is approaching 1.5 trillion dollars every year. If you cannot understand that we have a very serious problem on our hands then you are probably not awake. The U.S. economic system is dying. Blaming the other political party is not a solution. Running around the country offering "hope" and "change" and giving people a vague sense that things will get "better" soon is not going to cut it either. The American people need very real economic solutions to very real economic problems. But nearly all of our politicians are way too busy either trying to get elected or trying to stay in office to tackle the very serious problems which are destroying our economy. Unfortunately, the American people love to watch our politicians play politics. They love to watch the little ping-pong ball of blame go back and forth. They love to pick sides and to cheer for their "team". None of that is doing any good. Right now millions of Americans are getting sucked into poverty each year and neither major political party is doing anything real to address the very real economic problems that are causing that to happen. But most Americans have become so "dumbed down" that they don't even understand what the real problems are anymore. All most Americans seem to want these days is to watch a good show. So send in the clowns. There are certainly enough of them in Washington D.C. to keep Americans entertained for quite a long time. [Poster Comment: Hey, according Nebbie, if we just vote in all Republicans, then ALL will be good with the world... Right?]
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#1. To: Capitalist Eric (#0)
Erica is leading the parade!
The grand unified theory on this, which with more scholarship, I feel woud yield a few Professor Emeritus positions in the few remaining Political Science departments that can still afford such chairs, is that the United States stopped functioning as the country we currently know directly after 1971, when Nixon axed Bretton Woods system of exchange. When we left the gold standard, we abandoned truth, and deferred consequence. The largesse the country had been living off of post-WW2 had vanished, and real wages have been declining ever since. The proliferation of nuclear weapons has boxed us into waging satellite wars over countries with abundant natural resources, in an effort to keep pumping a necropsied heart with epinephrin. Another lesson I’ve learned is that the Universe over the long run is a perfectly balanced and reflexive system. Which brings me to the question I’ve been pondering for the last few weeks; since humans deal extremely poorly with unknowns and typically chose to defer consequences, should we continue in the attempt to bring the truth of transgressions to the public, or would our efforts be better spent preparing ourselves for the forthcoming panic, and to establish release mechanisms that may alleviate the ‘creative destruction’ that may be wrought (wrongfully) on those who have attempted to enlighten.
The only way to solve the problem is to eliminate the root of the problem, the DEBT / USURY system of money creation from the FARO RESERVE BANK down to our local credit card issuing banks and replace it with a debt free money system based on the yearly GDP of the nation. (A gold standard is also unsustainable because of the amount of gold relative to the populations of the various nations.)
True.
The population of American households with $5 million or more in investible assets surged 16%. The population of those with $10 million to invest increased 17%. The rich have never been getting richer than they have been in 2010! Of course, in order for someone to get rich, someone has to get poor and, this year it took 4M Americans falling below the poverty line ($22,000 for a family of 4) to provide the cash for our 440,000 winners. That’s pretty much right in line with the numbers I’ve been citing over and over again - it takes 1,000 poor people to make one rich one! And Obama is turning into Hoover. Who followed the Worst Most Corrupt Admin until bush43. History not only repeating, but beginning to spin like a top. ;}
Hoover was before my time, but I get your drift.
Democrats proclaim that we are experiencing all of this economic chaos because of the Republicans. Even many readers of this column (who are generally more educated and more informed than most average Americans) leave comment after comment blaming either the Democrats of the Republicans for our current economic mess. But do you really want to know who is to blame for our economic problems? Both of them. This economic nightmare has taken literally decades to develop, and both Democrats and Republicans have contributed greatly to this disaster. Both parties have absolutely refused to stand up to the Federal Reserve and the horrific economic policies that they have been shoving down our throats for decades. This becomes obvious to more and more people every day.
So was the South Seas Bubble of the 1720's. We're just getting started.
So send in the clowns.
#2. To: Capitalist Eric (#0)
#3. To: Capitalist Eric (#0)
The Fed EXPOSED!!! The FARO RESERVE BANK!!!
#4. To: mcgowanjm (#2)
The largess the country had been living off of post-WW2 had vanished, and real wages have been declining ever since.
#5. To: Fred Mertz (#4)
#6. To: mcgowanjm (#5)
And Obama is turning into Hoover.
#7. To: Capitalist Eric (#0)
Republicans proclaim that we are experiencing all of this economic chaos because of the Democrats.
#8. To: Fred Mertz (#6)
Hoover was before my time, but I get your drift.
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