Theodore's World: Poverty Under Obama Rising to Highest Level Since 1960s

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July 23, 2012

Poverty Under Obama Rising to Highest Level Since 1960s

Poverty Under Obama Rising to Highest Level Since 1960s


The ranks of America's poor are on track to climb to levels unseen in nearly half a century, erasing gains from the war on poverty in the 1960s amid a weak economy and fraying government safety net.

Census figures for 2011 will be released this fall in the critical weeks ahead of the November elections.

The Associated Press surveyed more than a dozen economists, think tanks and academics, both nonpartisan and those with known liberal or conservative leanings, and found a broad consensus: The official poverty rate will rise from 15.1 percent in 2010, climbing as high as 15.7 percent. Several predicted a more modest gain, but even a 0.1 percentage point increase would put poverty at the highest since 1965.

Poverty is spreading at record levels across many groups, from underemployed workers and suburban families to the poorest poor. More discouraged workers are giving up on the job market, leaving them vulnerable as unemployment aid begins to run out. Suburbs are seeing increases in poverty, including in such political battlegrounds as Colorado, Florida and Nevada, where voters are coping with a new norm of living hand to mouth.

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Wild Thing's comment......

I think if there ever is a true history written about Obama. It will say he was the most destructive to our country, that his agenda drove our country into poverty, his historical socialized medicine ( obamacare), and that would just be for starters.

If he had a soul he would feel he had to put his agenda aside for the survival of America, but he doesn't see it that way. IMO he really thinks his way is how it should be. Marxist!!!!

Posted by Wild Thing at July 23, 2012 02:47 AM