37 Facts About How Cruel This Economy Has Been To Millions Of Desperate American Families [View all]

[RepublicansRZombies]

Have you ever laid in bed awake at night with a knot in your stomach because you didn’t know how your family was possibly going to make it through the next month financially? Have you ever felt the desperation of not being able to provide the basic necessities for your family even though you tried as hard as you could? All over America tonight, there are millions of desperate families that are being ripped apart by this economy. There aren’t nearly enough jobs, and millions of Americans that actually do have jobs aren’t making enough to even provide the basics for their families. When you have tried everything that you can think of and nothing works, it can be absolutely soul crushing. Today, one of my regular readers explained that he was not going to be online for a while because his power had been turned off. He has been out of work for quite a while, and eventually the money runs out. Have you ever been there? If you have ever experienced that moment, you know that it stays with you for the rest of your life. If you are single that is bad enough, but when you have to look into the eyes of your children and explain to them why there won’t be any dinner tonight or why they have to move into a homeless shelter it can feel like someone has driven a stake into your heart. In this article you will find a lot of very shocking economic statistics. But please remember that behind each statistic are the tragic stories of millions of desperately hurting American families.


1. One recent survey discovered that 40 percent of all Americans have $500 or less in savings.

2. A different recent survey found that 28 percent of all Americans do not have a single penny saved for emergencies.

3. In the United States today, there are close to 10 million households that do not have a single bank account. That number has increased by about a million since 2009.

4. Family homelessness in the Washington D.C. region (one of the wealthiest regions in the entire country) has risen 23 percent since the last recession began.

5. The number of Americans living in poverty has increased by about 6 million over the past four years.

6. Median household income has fallen for four years in a row. Overall, it has declined by more than $4000 over the past four years.

7. 62 percent of middle class Americans say that they have had to reduce household spending over the past year.

8. According to a survey conducted by the Pew Research Center, 85 percent of middle class Americans say that it is more difficult to maintain a middle class standard of living today than it was 10 years ago.

9. In the United States today, 77 percent of all Americans are living to paycheck to paycheck at least some of the time.
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Now I do have issue with this sentence...

"Over the past decade, things have steadily gotten worse for American families no matter what our politicians have tried."

What have they tried exactly? Cutting taxes and more military and Big Government Spending?

As Ben Stein Explains, Stunning Fox & Friends:

“I hate to say this on Fox – I hope I’ll be allowed to leave here alive –
but I don’t think there is any way we can cut spending enough to make a
meaningful difference,” said Stein. “We’re going to have to raise taxes
on very, very rich people. People with incomes of, say, $2, $3, $4
million a year and up. And then slowly, slowly, slowly move it down.
$250,000 a year, that’s not a rich person.”

Stein said that the government has a spending problem, but they also have a “too low taxes problem.”

“The evidence is that there is no clear connection between the level of
taxation and the level of economic activity,” said Stein. “The biggest
growth and prosperity we’ve ever had in this country was from roughly
1941 to 1973. That was the best years we’ve ever had and those were
years of much higher taxes than we have now.”

“Taxes were at 70, 80 percent then,” said Steve Doocy.

“And yet, we were very prosperous,” Stein replied. “The highest rate
was in the 90s during parts of the 50s, and yet we were very
prosperous.”