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Thread: U.S. Poverty Climbed to 17-Year High in 2010

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    U.S. Poverty Climbed to 17-Year High in 2010

    Data released by the Census Bureau today showed the proportion of people living in poverty climbed to 15.1 percent last year from 14.3 percent in 2009, and median household income declined 2.3 percent. The number of Americans living in poverty was the highest in the 52 years since the Census Bureau began gathering that statistic. Those figures may have worsened in recent months as the economy weakened.


    We all know the rich have gotten far richer in the last decade....So come one Corporate cheerleaders tell us why the rich and the corporations need another big tax cut...we can see how much bush' tax cuts have benefitted everyone just by this article.


    U.S. Poverty Climbed to 17-Year High in 2010 - Bloomberg

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    Re: U.S. Poverty Climbed to 17-Year High in 2010

    Or we could focus on the real issue here. All of the entitlements, stimulus programs, and attempts to "save or create" jobs, all the unemployment extensions, food stamps, and other assistance programs have not halted the increase in poverty one would expect from a recession/depression.

    So why don't we take a look at new ideas, methods, and means of addressing poverty, which should and, quite frankly, must include some sort of self-accountability measures, COL variation considerations, adjustments on what "impoverished living" really is, and expectations on those in poverty to be active in their own ascent out of such a lifestyle? Why don't we address the fact that our grand solution to poverty has merely been subsistence, when we should have been focused on providing means for those in poverty to find pathways to prosperity?

    Nah, you're right. Let's go on a class warfare rant about the rich and their taxes, which has NOTHING AT ALL to do with the fact that poverty is rising. Those in poverty share a lot of common traits. Chiefly among them? More children, less education, distinct lack of job skills, and a lower marriage rate than families above the poverty line.
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    Re: U.S. Poverty Climbed to 17-Year High in 2010

    The most recent bump in poverty is certainly a direct result of the recession, and it would certainly be far worse but for the stimulus and associated unemployment extensions.

    The fact is that the wealthiest 400 people in America have a net worth that's equivalent to to the bottom 50% of ALL Americans, and that is a real problem. The wealthy have to pay more taxes because, for the past 30-40 years, the rich have been hoovering up all the country's wealth.

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    Re: U.S. Poverty Climbed to 17-Year High in 2010

    Quote Originally Posted by tessaesque View Post
    Or we could focus on the real issue here. All of the entitlements, stimulus programs, and attempts to "save or create" jobs, all the unemployment extensions, food stamps, and other assistance programs have not halted the increase in poverty one would expect from a recession/depression.

    So why don't we take a look at new ideas, methods, and means of addressing poverty, which should and, quite frankly, must include some sort of self-accountability measures, COL variation considerations, adjustments on what "impoverished living" really is, and expectations on those in poverty to be active in their own ascent out of such a lifestyle? Why don't we address the fact that our grand solution to poverty has merely been subsistence, when we should have been focused on providing means for those in poverty to find pathways to prosperity?

    Nah, you're right. Let's go on a class warfare rant about the rich and their taxes, which has NOTHING AT ALL to do with the fact that poverty is rising. Those in poverty share a lot of common traits. Chiefly among them? More children, less education, distinct lack of job skills, and a lower marriage rate than families above the poverty line.

    Yeah your right tess all the entitlements caused the poverty level to go up and income to decline....food stamps and public assistance have nothing to do with the increase in poverty. Income declining is about people that are working and not on public assistance or food stamps who are making and less and less at the same jobs becuase its being taken from them...
    Now explain to me how and why incomes for working americans are declining and the rich just keep getting fabulously richer at the same time....
    Last edited by lpast; 09-13-11 at 01:01 PM.

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    Re: U.S. Poverty Climbed to 17-Year High in 2010

    Quote Originally Posted by lpast View Post
    Yeah your right tess all the entitlements caused the poverty level to go up and income to decline
    I didn't say that.

    I said the increase in poverty is related to the recession/depression. I also said that the programs we utilized to prevent increases in poverty did not work.

    Don't put words in my mouth simply because you don't like my argument. That's disingenuous and counter productive.
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    Re: U.S. Poverty Climbed to 17-Year High in 2010

    Quote Originally Posted by AdamT View Post
    The most recent bump in poverty is certainly a direct result of the recession, and it would certainly be far worse but for the stimulus and associated unemployment extensions.

    The fact is that the wealthiest 400 people in America have a net worth that's equivalent to to the bottom 50% of ALL Americans, and that is a real problem. The wealthy have to pay more taxes because, for the past 30-40 years, the rich have been hoovering up all the country's wealth.
    Adam I dont care what the richest have...my concern is what is being stripped by them from the middleclass.....Im trying to understand what benefit the corporations are going to derive in the END...when they crush the buying power of america by sending jobs to china and have more and more americans impoverished out of work and making less....right in the article I posted it states that america doesnt have the BUYING POWER Now to help the country economically......I have to ask everyone...WHO CAUSED THAT.....


    From the article:

    Families are struggling to put food on the table, and they don’t have the purchasing power to help the economy recover,” said Isabel Sawhill, a senior fellow at the Brookings Institution in Washington.

    Stagnating incomes and rising poverty will be at the heart of the 2012 presidential campaign that’s focusing on joblessness, and will give added urgency to debates in Washington and statehouses across the U.S. over budget cuts to programs designed to protect families from hardship.
    Last edited by lpast; 09-13-11 at 01:06 PM.

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    Re: U.S. Poverty Climbed to 17-Year High in 2010

    Quote Originally Posted by tessaesque View Post
    I didn't say that.

    I said the increase in poverty is related to the recession/depression. I also said that the programs we utilized to prevent increases in poverty did not work.
    The problem there is that, as a matter of historical fact, the programs did work. Those programs cut the poverty rate approximately in half, and poverty among the elderly is now about 1/3 what it was prior to SS and Medicare. OTOH, those results were achieved pretty quickly and poverty has not budged much since.
    Last edited by AdamT; 09-13-11 at 01:44 PM.

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    Re: U.S. Poverty Climbed to 17-Year High in 2010

    Quote Originally Posted by lpast View Post
    Adam I dont care what the richest have...my concern is what is being stripped by them from the middleclass.....Im trying to understand what benefit the corporations are going to derive in the END...when they crush the buying power of america by sending jobs to china and have more and more americans impoverished out of work and making less....right in the article I posted it states that america doesnt have the BUYING POWER Now to help the country economically......I have to ask everyone...WHO CAUSED THAT.....


    From the article:

    Families are struggling to put food on the table, and they don’t have the purchasing power to help the economy recover,” said Isabel Sawhill, a senior fellow at the Brookings Institution in Washington.

    Stagnating incomes and rising poverty will be at the heart of the 2012 presidential campaign that’s focusing on joblessness, and will give added urgency to debates in Washington and statehouses across the U.S. over budget cuts to programs designed to protect families from hardship.
    I agree with you, and the article. Historically our economy has big problems when income disparity gets too far out of whack. It happened in 1928 and it happened again in 2007. I don't think it's a coincidence.

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    Re: U.S. Poverty Climbed to 17-Year High in 2010

    Oi Oi Oi...

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    Re: U.S. Poverty Climbed to 17-Year High in 2010

    Quote Originally Posted by tessaesque View Post
    I didn't say that.

    I said the increase in poverty is related to the recession/depression. I also said that the programs we utilized to prevent increases in poverty did not work.

    Don't put words in my mouth simply because you don't like my argument. That's disingenuous and counter productive.
    I understand what you're saying. And I think you're trying to make a reasonable argument. That said, I think things would have been much worse withou those programs you mention. I think it is a mistake to look at them as cures. Instead, they help buffer the pain. To really make a dent and prevent an increase would have taken a much larger investment than we had.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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