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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMitch McConnell And Senate Republicans Cause Poverty To Grow At Highest Level Since 1960s
https://www.politicususa.com/2020/12/16/mitch-mcconnell-poverty.htmlPosted on Wed, Dec 16th, 2020 by Jason Easley
Mitch McConnell And Senate Republicans Cause Poverty To Grow At Highest Level Since 1960s
New real-time research revealed that poverty jumped 2.4% in five months, which is the highest annual increase since the 1960s.
New research from economist Bruce Meyer, from the University of Chicago Harris School of Public Policy, and James Sullivan of the University of Notre Dames Department of Economics and the Lab For Economic Opportunities (LEO) showed that poverty is increasing to levels not seen in nearly 60 years.
The findings for November paint a dire picture of a struggling nation:
Poverty rose by 2.4 percentage points from 9.3 percent in June to 11.7 percent in November, adding 7.8 million to the ranks of the poor since June.
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The 2.4 percentage point rise in poverty in the five months since June is nearly double the largest annual increase in poverty since the 1960s.
Poverty has risen each month since June, even though the unemployment rate has fallen by 40 percent (from 11.1 percent to 6.7 percent) over this period.
With Pandemic Unemployment Assistance (PUA) due to expire this month and near all-time high coronavirus cases continuing to strain the economy, poverty is likely to continue to rise in the absence of additional relief.
-The rise in poverty over the past five months is most noticeable for certain disadvantaged groups such as Blacks (poverty up 3.1 percentage points) and those with a high school education or less (poverty up 5.1 percentage points).
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The 2.4 percentage point rise in poverty in the five months since June is nearly double the largest annual increase in poverty since the 1960s.
Poverty has risen each month since June, even though the unemployment rate has fallen by 40 percent (from 11.1 percent to 6.7 percent) over this period.
With Pandemic Unemployment Assistance (PUA) due to expire this month and near all-time high coronavirus cases continuing to strain the economy, poverty is likely to continue to rise in the absence of additional relief.
-The rise in poverty over the past five months is most noticeable for certain disadvantaged groups such as Blacks (poverty up 3.1 percentage points) and those with a high school education or less (poverty up 5.1 percentage points).
House Democrats passed the HEROES Act on May 15. Mitch McConnell and Senate Republicans have refused to vote on the bill. Mitch McConnell and Senate Republicans are the reason why poverty is growing at a rate that has been seen in decades in the United States.
McConnell and his Republican caucus are causing a poverty epidemic in the nation, and the small pre-Christmas deal will not be enough to undo the damage that Republicans have done by blocking real COVID relief for months.
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Mitch McConnell And Senate Republicans Cause Poverty To Grow At Highest Level Since 1960s (Original Post)
babylonsister
Dec 2020
OP
Moscow Mitch and the Gangsters Of Putin only want to fund their own donors.
Hermit-The-Prog
Dec 2020
#3
Irish_Dem
(47,471 posts)1. That is their goal. So they can blame Biden.
Death, illness, starvation, bankruptcy, loss of homes means nothing to the evil GOP.
It is collateral damage to their corruption, greed and drive for total power.
JDC
(10,135 posts)2. Mission Accomplished!
They can't wait to gobble up all of the fire sale assets.
Hermit-The-Prog
(33,462 posts)3. Moscow Mitch and the Gangsters Of Putin only want to fund their own donors.
They don't care who suffers or dies as long as they maintain power.