poverty

The CBO Obamacare Brouhaha

The headlines blare Obamcare will cause over two million more jobs to be lost by 2017 and the losses will grow to 2.5 million jobs by 2024.  That analysis is from the Congressional Budget Office in their 2014 Budget Outlook report.  Unfortunately, the rationale behind the CBO claims are that the subsidies to buy health insurance for individuals are larger than the wages earned working full-time hours.  From the report:

Fifty Years Later the War on Poverty Is Lost

Fifty years ago Lyndon B. Johnson declared War on Poverty.  Great strides were made.  Between 1964 and 1965 Medicaid and Medicare were enacted, food stamps made permanent, a flurry of work and volunteer grants were passed, and educational opportunities were made more egalitarian.  Unfortunately later administrations have been tearing apart Johnson's weapons against poverty one by one.

Outsourcing Pays Big to Private Companies While Americans Suffer

Remember how outsourcing was shoved down the throats of the American people by claiming it would save money and was more efficient?  Guess what, not only is costing more, the services now provided are dismal failures.  A new report, Out of Control describes the abysmal state and consequences of outsourcing public services.

Food Stamps Cut To $1.40 Per Meal

One might think that $11 dollars less per month in food stamps for an individual is not a big deal.  But considering the maximum monthly amount one could have is $200 a month, now $189, it is.  A whopping 15% of the population are on food stamps and now will experience a 5.4% cut in benefits, just in time for the holidays.  As of July 2013, 47,637,407 people were receiving SNAP benefits.

Maps of Economic Disaster

America has a problem, a big one, the middle class has been wiped out.  It is economic genocide and the target is most of America.  The statistics just continue to pour in on how poorly America is doing.  Even as the great manufactured crisis is over in D.C., the political agenda once again has nothing to do with helping America's middle class.  Why jobs are not job #1 by this government we do not know.

Economic Gender Discrimination Alive and Well in 2013

Women are still low on the economic totem pole.  A new Census report shows nothing has changed, women still make 77¢ to a male's dollar when both are working at full-time jobs and if one includes part-time, the ratio is even lower, 71¢.  Worse than that, women with families and no husband around make the lowest median income of all, $34,002.

Income and Poverty Report Paints a Not So Pretty Picture

Did you know 15% of America lives in poverty and that income for households after adjusting for inflation has declined by 8.3% since 2007?  That America is making 9% less in real dollars than in 1999?  The latest annual Census report for 2012 shows America is still broken and poor.

What Is It About the Hungry and Poor House Republicans Just Can't Stand?

People are broke and hungry in America and the food stamp program has been the only thing between many and starvation.  Food stamps are successful, it has an incredibly low fraud rate and most importantly, America doesn't have starvation filling the streets as a result.  Yet for some reason House Republicans, with Majority leader Eric Cantor leading the charge, want to cut food stamps and force people to starve.

Outrageous Economic Shorts - The Great American Middle Class Wipe Out

Welcome to this week in economic outrage.  Every day there are thousands of economic horror stories where one just shakes their head in disbelief at the incessant injustice.  To combat the information overload, we give you a financial follies reader's digest and how those in power could care less about any of it.

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