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Octafish

(55,745 posts)
14. Thank you for the excellent reminder. One person can't do it alone.
Mon Feb 20, 2012, 10:37 PM
Feb 2012
That's where taxes and a sound fiscal policy come in...

Poverty in the United States

The official poverty measure is published by the United States Census Bureau  and shows that:

In 2010, 46.9 million people were in poverty, up from 37.3 million in 2007 -- the fourth consecutive annual increase in the number of people in poverty .  This is the largest number in the 52 years for which poverty rates have been published (DeNavas-Walt 2011, p. 14).

The 2010 poverty rate was 15.1 percent, up from 12.5 percent in 1997.  This is the highest poverty rate since 1993, but 7.3 percentage points lower than the poverty rate in 1959, the first year for poverty estimates.  (DeNavas-Walt 2011, p. 14).

The 2010 poverty rate for Hispanics was 26.6 percent, for Blacks 27.4 percent. 

In 2010, the poverty rate increased for children under age 18 from 20.7 percent to 22.0 percent. (DeNavas-Walt 2010 p. 14).

20.5 million Americans live in extreme poverty. This means their family’s cash income is less than half of the poverty line, or about $10,000 a year for a family of four (DeNavas-Walt 2011, p. 19).
49.9 million people or 16.3 percent of the American people, do not have medical insurance (DeNavas-Walt 2011, p. 23).

CONTINUED ...

http://www.worldhunger.org/articles/Learn/us_hunger_facts.htm

This is the 21st Century we're talking about here in the richest freest greatest nation on earth. Gotta dream big, and we gotta dream of finding ways to share what we earn. Otherwise, all that wealth that's been created since the dawn of Trickle-Down -- according to David Stockman, eight times the wealth that had been created in all of history before then -- will be wasted on the few parasites dodging taxes on their offshored loot.

http://seekingalpha.com/#article/187077-david-stockman-on-the-single-most-drastic-error-in-policy-in-modern-history

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