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How do we eliminate the paradox of poverty & privation amid plenty & abundance?

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Author Topic: How do we eliminate the paradox of poverty & privation amid plenty & abundance?  (Read 6268 times)
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« on: September 30, 2010, 02:36:16 pm »

http://www.prisonplanet.com/the-proof-is-in-the-numbers-america-is-getting-poorer.html

The Proof Is In The Numbers: America Is Getting Poorer

The Economic Collapse
Sept 30, 2010

How in the world can anyone claim that things are getting better? Sometimes the numbers are so clear that they simply cannot be denied. According to the U.S. Census Bureau, median household income in the United States fell from $51,726 in 2008 to $50,221 in 2009. That was the second yearly decline in median household income in a row. In other words, America is getting poorer. Just let that statistic above sink in for a little bit. In 2009, American families had roughly $1,500 less coming in than the year before. Not that the cost of living has gone down either. Have you been to the supermarket lately? Things are getting ridiculous out there. In fact, middle class American families are being squeezed as never before. More mothers and fathers are scrambling to find second and third jobs just to pay the mortgage and to keep the lights on and to put food on the table. This is not a time of prosperity in America. We are in a state of serious decline and it is time to wake up and admit it.

When you stop and analyze the new Census data, something jumps out at you right away. You quickly realize that these income declines are not limited to just a few regions of the country – they are literally happening from coast to coast.

The U.S. economy is in deep, deep trouble and the proof is in the numbers. The following are 12 statistics that reveal just how far the standard of living in America is declining….

1 – According to the Census Bureau, median household income dropped in 34 U.S. states in 2009, and the only state where median household income actually increased was in North Dakota.

2 – The Census Bureau data also revealed that of the 52 largest metro areas in America, only the city of San Antonio did not see a decline in median household income in 2009.

3 – 35 percent of all U.S. households now live on $35,000 or less.

4 – According to the Census Bureau, the percentage of Americans living below the poverty line is the highest it has been in 15 years.

5 – The number of Americans enrolled in the food stamp program passed the 41 million mark for the first time ever in June.

6 – The number of Americans in the food stamp program increased a staggering 55 percent from December 2007 to June 2010.

7 – One out of every six Americans is now enrolled in at least one anti-poverty program run by the federal government.

8 – Nearly 10 million Americans now receive unemployment insurance, which is almost four times as many that were receiving it back in 2007.

9 – In 2009, U.S. consumer spending experienced the biggest decline since 1942.

10 – As millions of young Americans struggled just to survive, marriages fell to a record low in 2009. Today, only 52% of Americans 18 years or older are married.

11 – The only group that saw their household income increase in 2009 was those making $180,000 or more.

12 – According to the Huffington Post, the gap between the richest and poorest Americans grew in 2009 to its largest margin ever….

The top-earning 20 percent of Americans – those making more than $100,000 each year – received 49.4 percent of all income generated in the U.S., compared with the 3.4 percent made by the bottom 20 percent of earners, those who fell below the poverty line, according to the new figures. That ratio of 14.5-to-1 was an increase from 13.6 in 2008 and nearly double a low of 7.69 in 1968.

Not that it is a bad thing to make money.

Contrary to what our socialist friends may think, it is actually a very good thing to work hard and make money.

The point is that the game is rigged and the bottom 80 percent of us are being left behind.

The middle class is being systematically destroyed. At the rate we are going, we will eventually have a very small group of ultra-wealthy Americans and a gigantic mountain of very poor Americans that are barely able to survive.

[Continued...]
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"For the first years of [Ludwig von] Mises’s life in the United States...he was almost totally dependent on annual research grants from the Rockefeller Foundation.” -- Richard M. Ebeling

http://forum.prisonplanet.com/index.php?topic=162212.0


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