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TheNutcracker

(2,104 posts)
11. Today the Times says not all is so good in our so called recovery! Read below....
Fri Sep 12, 2014, 01:57 PM
Sep 2014

Despite Recovery, Families poorer - Atlantic Journal Constitution
and...

U.S. poverty rises despite economic recovery | Reuters

(Reuters) - The number of U.S. residents living in poverty edged up to 46.5 million last year, the latest sign that an economic recovery marked by a stock market boom has not trickled down to ordinary Americans.

The figures from the Census Bureau on Tuesday highlighted the lingering scars from the 2007-2009 recession and added fresh fuel to debates over government austerity and widening income inequality. It could also renew calls to raise the minimum wage.
Although the number of people in poverty went up from 46.2 million in 2011, the national poverty rate was unchanged at 15 percent, the annual report said. The poverty threshold in 2012 was an income of $23,492 for a family of four.

"Today's data underscore that it is time for Congress to pivot from a focus on austerity to an agenda emphasizing jobs and shared economic growth," said Neera Tanden, president of the Center for American Progress, a liberal policy group in Washington.

The recovery from the worst recession since the 1930s has been marked by a jump in stock prices to record highs, aided in part by the Federal Reserve's ultra easy monetary policy.
While the Standard & Poor's 500 index gained 16 percent on a total return basis last year, including reinvested dividends, the Census Bureau report showed median household income slipped to $51,017 from of $51,100 in 2011.

The economy has struggled to sustain growth rates of more than 2.5 percent since the recession ended. Although the bulk of the more than 8 million jobs lost during the downturn have been recouped, many of the jobs have been in services industries such as retail and restaurants that typically do not pay well.

Belt-tightening in Washington to slash the government's budget deficit has significantly shrunk the social safety net.

http://www.reuters.com/article/2013/09/17/us-usa-economy-poverty-idUSBRE98G0PN20130917

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Rubio's office just told me this is a very good question. She will make sure he hears this. TheNutcracker Sep 2014 #1
Come on....rec and rec so the Bonehead sees it! TheNutcracker Sep 2014 #2
No one seems to give a shit, Nutcracker. K & R anyway... ChisolmTrailDem Sep 2014 #4
k&r for exposure. n/t Laelth Sep 2014 #3
Not a boot on the ground, not a plane in the air until dickthegrouch Sep 2014 #5
Here here dickthegrouch! TheNutcracker Sep 2014 #9
Those RAT BASTARDS blamed poor and disabled people for the debt they created in the last war J_J_ Sep 2014 #6
+ infinity etherealtruth Sep 2014 #13
I could have sworn that it was Pres. Obama giving that speech Wed. night. Sopkoviak Sep 2014 #7
Bookmark my words.Senator's saying years for this and later they'll tell us we must make sacrificies TheNutcracker Sep 2014 #10
Today the Times says not all is so good in our so called recovery! Read below.... TheNutcracker Sep 2014 #11
Where is your compassion sir? Save the rich! Dragonfli Sep 2014 #16
I don't care what he SAID....all news sources and economists say something else. TheNutcracker Sep 2014 #12
Why do we have to pay for it? progressoid Sep 2014 #8
Good question. Why not the very wealthy nations like Qatar, Saudi Arabia, etc. pay for it? TheNutcracker Sep 2014 #14
Please K&R more, as the Middle East should pay for this! TheNutcracker Sep 2014 #15
On a side note, if I ever get into porn, NuclearDem Sep 2014 #17
Here is DU thread: Widening gap between rich and poor no longer sustainable TheNutcracker Sep 2014 #18
Or how about the billionaires and churches paying for it? Initech Sep 2014 #20
Yea, where is all of that deficit BS right now? Dustlawyer Sep 2014 #19
I know I know..... TAX CUTS (for the 'job creators') groundloop Sep 2014 #21
We need to keep asking - HOW WE GONNA PAY FOR IT! DAMN IT! TheNutcracker Sep 2014 #22
So Obama says we are at war, and no one in congress has appropriated our dollars for this? TheNutcracker Sep 2014 #23
This unnecessary spending will be the third world straw for the U.S. TheNutcracker Sep 2014 #24
I have yet to hear this asked....just crickets! TheNutcracker Sep 2014 #25
Don't call him "Boner" 99th_Monkey Sep 2014 #26
If asked, he will say "this is president obama's war, you should go ask him." Volaris Sep 2014 #27
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