Census: Poverty at All Time High

Wednesday, September 12th, 2012 and is filed under Blog, Economy, News

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So what do you get after $16 trillion in spending on the war on poverty since 1965?  More poverty and lower income:

The number of people in the United States living in poverty remains at its highest level since 1993 with 46.2 million people — including 16.1 million children — living below the poverty line, the Census Bureau reported Wednesday.

The poverty rate effectively leveled off in 2011 following three straight years of increases, the bureau said. Even so, the current level amounts to 15 percent of the nation’s population.

The new data finds that three years after the financial crisis and economic downturn, median household income dropped 1.5 percent to $62,273, the second straight year income had fallen in the U.S. That level is 8.1 percent lower than it was in 2007, before the recession began, and 8.9 percent lower than its 1999 peak.

Not only is poverty at an all-time high, income is down sharply.  Obama likes to claim that he inherited a recession and that things are getting better.  Well income has actually dropped since the end of the recession.  Obama’s recovery is worse than the recession.

The biggest insanity of liberal politics is that they can come back every election year and say that people will languish in poverty….if we don’t continue the same policies that have grown poverty for a half-century.