Thread: Poverty level under Obama breaks 50-year record

Poverty level under Obama breaks 50-year record
By Dave Boyer
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The Washington Times
Tuesday, January 7, 2014

Fifty years after President Johnson started a $20 trillion taxpayer-funded war on poverty, the overall percentage of impoverished people in the U.S. has declined only slightly and the poor have lost ground under President Obama.

Aides said Mr. Obama doesn’t plan to commemorate the anniversary Wednesday of Johnson’s speech in 1964, which gave rise to Medicaid, Head Start and a broad range of other federal anti-poverty programs. The president’s only public event Tuesday was a plea for Congress to approve extended benefits for the long-term unemployed, another reminder of the persistent economic troubles during Mr. Obama’s five years in office.

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SEE ALSO: Jimmy Carter: Today’s middle class was my administration’s poverty level

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“What I think the American people are really looking for in 2014 is just a little bit of stability,” Mr. Obama said.

Although the president often rails against income inequality in America, his policies have had little impact overall on poverty. A record 47 million Americans receive food stamps, about 13 million more than when he took office.

The poverty rate has stood at 15 percent for three consecutive years, the first time that has happened since the mid-1960s. The poverty rate in 1965 was 17.3 percent; it was 12.5 percent in 2007, before the Great Recession.

About 50 million Americans live below the poverty line, which the federal government defined in 2012 as an annual income of $23,492 for a family of four.

President Obama’s anti-poverty efforts “are basically to give more people more free stuff,” said Robert Rector, a specialist on welfare and poverty at the conservative Heritage Foundation.

“That’s exactly the opposite of what Johnson said,” Mr. Rector said. “Johnson’s goal was to make people prosperous and self-sufficient.”

The president’s advisers defend his policies by saying they rescued the nation from the deep recession in 2009, saved the auto industry and reduced the jobless rate to 7 percent from a high of 10 percent four years ago.

Gene Sperling, the president’s top economic adviser, said Mr. Obama has pulled as many as 9 million people out of poverty with policies such as extending the earned income tax credit for parents with three or more children and reducing the “marriage penalty.”
“There are things that this president has done that have made a big difference,” Mr. Sperling said Monday.

The White House again is pushing for an increase in the federal minimum wage, this time advocating a Senate bill that would raise the hourly rate to $10.10 from its current $7.25. Mr. Sperling said that action would lift another 6.8 million workers out of poverty.

“It would make them less dependent on government programs. It would not add to the deficit one penny, but it would reward work and reduce poverty,” he said.

The president is expected to use his State of the Union address Jan. 20 to pressure Congress to raise the minimum wage. He made the same pitch a year ago.

Democrats are advocating issues such as unemployment benefits and the minimum wage especially hard this year as the class-warfare rhetoric heats up to frame the congressional midterm elections. House Republican leaders oppose increasing the minimum wage and want unemployment benefits to be paid with savings elsewhere in the budget. Mr. Obama is insisting that the benefits be extended without offsets.

The president last month declared the widening gap between rich and poor as “the defining challenge of our time,” and Democratic candidates are expected to pick up that theme on the campaign trail rather than debate deficits and the complications of Obamacare.

In spite of the administration’s anti-poverty efforts, however, the government reported this week that poverty by some measures has been worse under Mr. Obama than it was under President George W. Bush. The U.S. Census Bureau reported that 31.6 percent of Americans were in poverty for at least two months from 2009 to 2011, a 4.5 percentage point increase over the pre-recession period of 2005 to 2007.

Of the 37.6 million people who were poor at the beginning of 2009, 26.4 percent remained in poverty throughout the next 34 months, the report said. Another 12.6 million people escaped poverty during that time, but 13.5 million more fell into poverty.
Mr. Rector said the war on poverty has been a failure when measured by the overall amount of money spent and poverty rates that haven’t changed significantly since Johnson gave his speech.

“We’ve spent $20.7 trillion on means-tested aid since that time, and the poverty rate is pretty much exactly where it was in the mid-1960s,” he said.

The liberal Center on Budget and Policy Priorities said in a report that some trends have helped reduce poverty since the 1960s, including more Americans completing high school and more women working outside the home. But the group said other factors have contributed to persistent poverty, including a tripling in the number of households led by single parents.

Mr. Rector said too many government anti-poverty programs still discourage marriage, factoring into statistics that show more than four in 10 children are born to unmarried parents.

“When the war on poverty started, about 6 percent of children were born outside of marriage,” he said. “Today that’s 42 percent — catastrophe.”
http://www.washingtontimes.com/news/...=all#pagebreak

H2 Note: No nation can survive without the nuclear family as it's core social fiber. You cannot have prosperity without the natural man/woman/child structure as the nucleus of society.

The USA is led by a reprobate who was deserted by his mother at the age of ten. She went on to become a porno queen. He now is the strongest supporter of homosexuality. The nation is in flames.

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“When the war on poverty started, about 6 percent of children were born outside of marriage,” he said. “Today that’s 42 percent — catastrophe.”

http://www.washingtontimes.com/news/...atch-h/?page=2

It’s an Obama world.
One in six Americans are now living below the poverty level.

How does he do it?

Under the leadership of Barack Obama, number of Americans living in poverty has spiked to levels not seen since the mid 1960s, The Daily Mail reported:

The number of Americans living in poverty has spiked to levels not seen since the mid 1960s, classing 20 per cent of the country’s children as poor…

…The U.S. Census Bureau puts the number of Americans in poverty at levels not seen since the mid-1960s when President Lyndon B. Johnson launched the federal government’s so-called War on Poverty.

As President Barack Obama began his second term in January, nearly 50 million Americans — one in six — were living below the income line that defines poverty, according to the bureau. A family of four that earns less than $23,021 a year is listed as living in poverty.
The bureau said 20 percent of the country’s children are poor.

Barack Obama has quite a record.



Barack Obama is the worst jobs president since the Great Depression presiding over the worst recovery since the Great Depression.

http://www.thegatewaypundit.com/2013...e-since-1960s/

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The following are 44 facts about the death of the middle class that every American should know:

76 percent of all Americans are living paycheck to paycheck

1. According to one recent survey, “four out of five US adults struggle with joblessness, near poverty or reliance on welfare for at least parts of their lives”.

2. The growth rate of real disposable personal income is the lowest that it has been in decades.

3. Median household income (adjusted for inflation) has fallen by 7.8 percent since the year 2000.

4. According to the US Census Bureau, the middle class is taking home a smaller share of the overall income pie than has ever been recorded before.

5. The home ownership rate in the United States is the lowest that it has been in 18 years.

6. It is more expensive to rent a home in America than ever before. In fact, median asking rent for vacant rental units just hit a brand new all-time record high.

7. According to one recent survey, 76 percent of all Americans are living paycheck to paycheck.

8. The US economy actually lost 240,000 full-time jobs last month, and the number of full-time workers in the United States is now about 6 million below the old record that was set back in 2007.

9. The largest employer in the United States right now is Wal-Mart. The second largest employer in the United States right now is a temp agency (Kelly Services).

10. One out of every ten jobs in the United States is now filled through a temp agency.

11. According to the Social Security Administration, 40 percent of all workers in the United States make less than $20,000 a year.

12. The ratio of wages and salaries to GDP is near an all-time record low.

13. The US economy continues to trade good paying jobs for low paying jobs. 60 percent of the jobs lost during the last recession were mid-wage jobs, but 58 percent of the jobs created since then have been low wage jobs.

14. Back in 1980, less than 30% of all jobs in the United States were low income jobs. Today, more than 40% of all jobs in the United States are low income jobs.

15. At this point, one out of every four American workers has a job that pays $10 an hour or less.

16. According to one study, between 1969 and 2009 the median wages earned by American men between the ages of 30 and 50 declined by 27 percent after you account for inflation.

17. In the year 2000, about 17 million Americans were employed in manufacturing. Today, only about 12 million Americans are employed in manufacturing.

18. The United States has lost more than 56,000 manufacturing facilities since 2001.

19. The average number of hours worked per employed person per year has fallen by about 100 since the year 2000.

20. Back in the year 2000, more than 64 percent of all working age Americans had a job. Today, only 58.7 percent of all working age Americans have a job.

21. When you total up all working age Americans that do not have a job, it comes to more than 100 million.

22. The average duration of unemployment in the United States is nearly three times as long as it was back in the year 2000.

23. The percentage of Americans that are self-employed has steadily declined over the past decade and is now at an all-time low.

24. Right now there are 20.2 million Americans that spend more than half of their incomes on housing. That represents a 46 percent increase from 2001.

25. In 1989, the debt to income ratio of the average American family was about 58 percent. Today it is up to 154 percent.

26. Total US household debt grew from just 1.4 trillion dollars in 1980 to a whopping 13.7 trillion dollars in 2007. This played a huge role in the financial crisis of 2008, and the problem still has not been solved.

27. The total amount of student loan debt in the United States recently surpassed the one trillion dollar mark.

28. Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.

29. Back in the year 2000, the mortgage delinquency rate was about 2 percent. Today, it is nearly 10 percent.

30. Consumer debt in the United States has risen by a whopping1700% since 1971, and 46% of all Americans carry a credit card balance from month to month.

31. In 1999, 64.1 percent of all Americans were covered by employment-based health insurance. Today, only 55.1 percent are covered by employment-based health insurance.

32. One study discovered that approximately 41 percent of all working age Americans either have medical bill problems or are currently paying off medical debt, and according to a report published in The American Journal of Medicine medical bills are a major factor in more than 60 percent of all personal bankruptcies in the United States.

33. Each year, the average American must work 107 days just to make enough money to pay local, state and federal taxes.

34. Today, approximately 46.2 million Americans are living in poverty.

35. The number of Americans living in poverty has increased by more than 15 million since the year 2000.

36. Families that have a head of household under the age of 30 have a poverty rate of 37 percent.

37. At this point, approximately 25 million American adults are living with their parents.

38. In the year 2000, there were only 17 million Americans on food stamps. Today, there are more than 47 million Americans on food stamps.

39. Back in the 1970s, about one out of every 50 Americans was on food stamps. Today, about one out of every 6.5 Americans is on food stamps.

40. Right now, the number of Americans on food stamps exceeds the entire population of the nation of Spain.

41. According to one calculation, the number of Americans on food stamps now exceeds the combined populations of “Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.”

42. At this point, more than a million public school students in the United States are homeless. This is the first time that has ever happened in our history. That number has risen by 57 percent since the 2006-2007 school year.

43. According to US Census data, 57 percent of all American children live in a home that is either considered to be “poor” or “low income”.

44. In the year 2000, the ratio of social welfare benefits to salaries and wages was approximately 21 percent. Today, the ratio of social welfare benefits to salaries and wages is approximately 35 percent.

And not only is the middle class being systematically destroyed right now, we are also destroying the bright economic future that our children and our grandchildren were supposed to have by accumulating gigantic mountains of debt in their names. The following is from a recent article by Bill Bonner:

Today, the US lumbers into the future with total debt equal to about 350% of GDP. In Britain and Japan, the total is over 500%. Debt, remember, is the homage that the future pays to the past. It has to be carried, serviced… and paid. It has to be reckoned with… one way or another.

And the cost of carrying debt is going up! Over the last few weeks, interest rates have moved up by about 15% - an astounding increase for the sluggish debt market. How long will it be before long-term borrowing rates are back to “normal”?

At 5% interest, a debt that measures 3.5 times your revenue will cost about one-sixth of your income. Before taxes. After tax, you will have to work about one day a week to keep up with it (to say nothing of paying it off!).

That’s a heavy burden. It is especially disagreeable when someone else ran up the debt. Then you are a debt slave. That is the situation of young people today. They must face their parents’ debt. Even serfs in the Dark Ages had it better. They had to work only one day out of 10 for their lords and masters.

We were handed the keys to the greatest economic machine in the history of the planet and we wrecked it.

As young people realize that their futures have been destroyed, many of them are going to totally lose hope and give in to despair.

And desperate people do desperate things. As our economy continues to crumble, we are going to see crime greatly increase as people do what they feel they need to do in order to survive. In fact, we are already starting to see this happen. Just this week, CNBC reported on the raging epidemic of copper theft that we are seeing all over the nation right now:

Copper is such a hot commodity that thieves are going after the metal anywhere they can find it: an electrical power station in Wichita, Kan., or half a dozen middle-class homes in Morris Township, N.J. Even on a Utah highway construction site, crooks managed to abscond with six miles of copper wire.

Those are just a handful of recent targets across the US in the $1 billion business of copper theft.

“There’s no question the theft has gotten much, much worse,” said Mike Adelizzi, president of the American Supply Association, a nonprofit group representing distributors and suppliers in the plumbing, heating, cooling and industrial pipe industries.

The United States once had the greatest middle class in the history of the world, but now it is dying.

This is causing a tremendous amount of anger and frustration to build in this nation, and when the next major wave of the economic collapse strikes, a lot of that anger and frustration will likely be unleashed.

The American people don’t understand that these problems have taken decades to develop. They just want someone to fix things. They just want things to go back to the way that they used to be.

Unfortunately, the great economic storm that is coming is not going to be averted.

http://www.presstv.com/detail/2013/0...merican-facts/