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Title: Number of U.S. poor hit record 46 million in 2010 (another Obama milestone)
Source:
Reuters
URL Source: http://www.reuters.com/article/2011 ... -poverty-idUSTRE78C3YV20110913
Published: Sep 13, 2011
Author: David Morgan
Post Date: 2011-09-13 12:44:09 by Hondo68
Keywords: largest in 52 years of poverty, median income decline 2.3 perc, economic growth diminished
Views: 5312
Comments: 9
WASHINGTON (Reuters) - The number of Americans living below the poverty line rose to a record 46 million last year, the government said on Tuesday, underscoring the challenges facing President Barack Obama and Congress as they try to tackle high unemployment and a moribund economy. The Census Bureau's annual report on income, poverty and health insurance coverage said the national poverty rate climbed for a third consecutive year to 15.1 percent in 2010 as the economy struggled to recover from the recession that began in December 2007 and ended in June 2009. That marked a 0.8 percent increase from 2009, when there were 43.6 million Americans living in poverty. The number of poor Americans in 2010 was the largest in the 52 years that the Census Bureau has been publishing poverty estimates, the report said, while the poverty rate was the highest since 1993. The specter of economic deterioration also afflicted working Americans who saw their median income decline 2.3 percent to an annual $49,445. About 1.5 million fewer Americans were covered by employer-sponsored health insurance plans, while the number of people covered by government health insurance increased by nearly 2 million. All told, the number of Americans with no health insurance hovered at 49.9 million, up slightly from 49 million in 2010. The economic deterioration depicted by the figures is likely to have continued into 2011 as economic growth diminished, unemployment remained stuck above 9 percent and fears grew of a possible double-dip recession. The report of rising poverty coincides with Obama's push for a $450 billion job creation package, and deliberations by a congressional "super committee" tasked with cutting at least $1.2 trillion from the budget deficit over 10 years. Faced with deteriorating job approval ratings, the president is trying to convince Republicans in Congress to support his package. Analysts said poverty-related issues have relatively little hold on politicians in Washington but hoped the new figures would encourage the bipartisan super committee to avoid deficit cuts that would hurt the poor. The United States has long had one of the highest poverty rates in the developed world. Among 34 countries tracked by the Paris-based Organization for Economic Cooperation and Development, only Chile, Israel and Mexico have higher rates of poverty.
Poster Comment: hObama loves the poor so much, that he created 3 million more of them in just one year.
Homeless and needy people line up to receive bottles of cold water from a Salvation Army disaster relief truck in Kansas City, Missouri August 1, 2011.
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#1. To: hondo68 (#0)
And tthe GOP solution to the mess they created? Cut off funding for health care and for programs targeted at the poor...
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
You give Obama too much credit, he didn't accomplish this all by himself. The Census Bureau's annual report on income, poverty and health insurance coverage said the national poverty rate climbed for a third consecutive year to 15.1 percent in 2010 as the economy struggled to recover from the recession that began in December 2007 and ended in June 2009. Before LBJ's War on Poverty, the rate of poverty in the US was 22%.
"...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
He inherited it from FDR and JFK. Jimmiah Carter burst LBJ's bubble with his depressing speeches and communist policies. Obama's watch stopped on 24 May 2008, but he's been too busy smoking crack to notice.
Yep, everything was/is Bush-Arab spring-Japanese tsunami-DC earthquake's fault, and nothing is Barry's fault.
After FDR, JFK, and Jimmy Carter came the Clinton administration and a poverty rate under 12% in 2000. George Bush rectified the mistakes of the Clinton years and the poverty rate promptly began to climb again.
"...all of the equations in neoclassical economics are rubbish. The differential equations describe nothing. Economics is not about mathematics, it is about the human being." Sandeep Jaitly
Those who deny Owe-bama's a unmitigated disaster grow fewer each day now.
Proxy IP's are amusing.....lmao
Gee Boofer...did you ***think*** think that trite oxymoron up yourself?
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
It must be the Crown Royal...
LMFAO you can't even type Fukushima North Anna, can you? Despite the fresh troops, the Afghan “surge” has failed to gain much traction – with a stalemate in the rural district of Marja and a postponed offensive in Kandahar. That was even before a freelance writer for Rolling Stone exposed how contemptuous McChrystal and his inner circle were toward the President and his White House advisers. “There are real questions now about the whole notion of counterinsurgency as its being portrayed to the American people, and these things are being widely discussed in military circles. It’s all over the place,” said retired Col. Douglas Macgregor in a recent interview with Antiwar.com. He goes straight to the source — today’s negative headlines in Iraq — to point out how “success” is always in the eye of the beholder. “Why do these major media outlets continue to maintain the fiction that something good happened in Iraq?” he said. “Once that fiction is revealed, then the Petraeus myth is destroyed completely.” That might be happening sooner rather than later, insists Macgregor. “One of the reasons there is such a huge push to keep our forces in Iraq is we need to maintain the fiction that we were successful. If we were successful, would we really need 5,000 mercenaries to secure the State Department? The answer is no.”
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#2. To: hondo68 (#0)
Number of U.S. poor hit record 46 million in 2010 (another Obama milestone)
#3. To: lucysmom, *Ron Paul for President* (#2)
LBJ's War on Poverty, the rate of poverty in the US was 22%.
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
#4. To: war (#1)
#5. To: hondo68 (#3)
He inherited it from FDR and JFK. Jimmiah Carter burst LBJ's bubble with his depressing speeches and communist policies.
#6. To: hondo68 (#0)
#7. To: Badeye (#6)
...grow fewer each day now
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#8. To: war (#7)
#9. To: Happy Quanzaa, war, All (#4)
Yep, everything was/is Bush-Arab spring-Japanese tsunami-DC earthquake's fault, and nothing is Barry's fault.
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