US Poverty Level Hits Record
In the News (from USA Today): “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. …
“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. …
“Demographers also say: Poverty will remain above the pre-recession level of 12.5 percent for many more years. Several predicted that peak poverty levels — 15 percent to 16 percent — will last at least until 2014, due to expiring unemployment benefits.”
My Comment: Unfortunately, in the world there is an excess of everything but the correct connection between people, and that is why we throw away more food than is needed to feed everyone. The same goes for other essentials. The reason is in human nature, and only by correcting it, will we be able to make our society human.
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As long as there are professors of economics such as Steven Landsburg from the Univeristy of Rochester spending more than one hour presenting to other economists at the CATO institute on how lucky the poor in America are and that they are still better off than the wealthy of 100 years ago, we will not see our country transform into a more advanced enviroment.
He is out to prove that income equality is not a benefit to anyone and has never worked anywhere in history. He states that freedom of religion, freedom to organize and increased civil liberties do not lead to economic growth.
He is teaching our students who will later become business people making decisions about hiring, firing, and environmental decisions… How can we ever hope to improve!