This is all so sad. The poverty rate for children is twice as high as for adults. Statistics show that the poverty rate would be about double or triple if it was figured on a personal level rather than on a household level. This is because so many people have moved in with someone else,,, usually family.
Some other statistics;
#1 The Census Bureau says that 43.6 million Americans are now living in poverty and according to them that is the highest number of poor Americans in 51 years of record-keeping.
#2 In the year 2000, 11.3 percent of Americans were living in poverty. In 2008, 13.2 percent of Americans were living in poverty. In 2009, 14.3 percent of Americans were living in poverty. Needless to say the trend is moving in the wrong direction.
#3 In 2009 alone, approximately 4 million more Americans joined the ranks of the poor.
#4 According to the Associated Press, experts believe that 2009 saw the largest single year increase in the U.S. poverty rate since the U.S. government began calculating poverty figures back in 1959.
#5 The U.S. poverty rate is now the third worst among the developed nations tracked by the Organization for Economic Cooperation and Development.
#6 Today the United States has approximately 4 million fewer wage earners than it did in 2007.
#7 Nearly 10 million Americans now receive unemployment insurance, which is almost four times as many as were receiving it in 2007.
#8 U.S. banks repossessed 25 percent more homes in August 2010 than they did in August 2009.
#9 One out of every seven mortgages in the United States was either delinquent or in foreclosure during the first quarter of 2010.
#10 There are now 50.7 million Americans who do not have health insurance. One trip to the emergency room would be all it would take to bankrupt a significant percentage of them.
#11 More than 50 million Americans are now on Medicaid, the U.S. government health care program designed principally to help the poor.
#12 There are now over 41 million Americans on food stamps.
If you graphed these statistics, you would see steep growth.
Here are 20 more statistics that are very bad;
http://theeconomiccollapseblog.com/arch ... -americans
ALL of the signs are bad. Some are frightening.
#14 One out of every six Americans is now being served by at least one government anti-poverty program.
Americans experienced a $1.5 trillion loss in combined household net worth in the second quarter of 2010.
According to Federal Reserve data released on Friday, federal government debt expanded at a 24.4% annual rate during the second quarter, up from a 20.5% increase in the first quarter.
This should be clear enough. The quarter on quarter debt increase is shocking.
$ 1.5 trillion of private worth lost in the same quarter. Public debt is going way up,,, at least in part for anti-poverty programs.
Things are getting seriously bad. After the election, there will be a bunch of new republicans. IF they prefer to force total gridlock to make obama look bad,,,, instead of working for possible solutions, things will get worse.

I don't post things because I believe that they are the absolute truth. I post them because I believe that they should be considered.