So-called US economic recovery is fake. Main Street poverty, unemployment, underemployment, hunger and homelessness are at Depression era levels.
Half of all US households are impoverished or bordering it. Recovery benefited only America’s most well off. Most others endure deepening deprivation.
According to economist Emmanuel Saez:
”For the first time in nearly 100 years, the percentage of income taken by the top 10 percent of Americans topped 50 percent.”
From 2009 to 2012, “(t)op 1% incomes grew by 31.4% while bottom 99% incomes grew by only 0.4%.” Adjusted for inflation, they declined considerably.
From 2007 – 2009, average real family income declined 17.4%. It’s more than any period since the Great Depression. Wealthy Americans recovered and then some. Conditions for most others went from bad to worse.
According to Saez:
“We need to decide as a society whether this increase in income inequality is efficient and acceptable and, if not, what mix of institutional and tax reforms should be developed to counter it.”
Russell Sage Foundation president Sheldon Danziger said:
“The continued high rate of poverty is no surprise, given ongoing high unemployment, stagnant wages and government spending cuts.”
”Poverty is higher today than it was in 2000, and household incomes are lower. The ‘lost decade’ is likely to turn into ‘two lost decades.’ “
According to Marx:
“Accumulation of wealth at one pole is at the same time accumulation of misery, agony of toil, slavery, ignorance, brutality, and mental degradation at the opposite pole.”
America’s wealth distribution is extreme. It keeps shifting disproportionately upward. Most people are more than ever on their own.
Financial elites run America. Whatever they want they get. Popular needs go begging. Things go from bad to worse.
In 1962, Michael Harrington’s “The Other America: Poverty in the United States” exposed the nation’s dark side, saying:
”In morality and in justice, every citizen should be committed to abolishing the other America, for it is intolerable that the richest nation in human history should allow such needless suffering.”
“But more than that, if we solve the problem of the other America we will have learned how to solve the problems of all of America.”
Uh Oh: 47 Million Food Stamp Recipients Are Having Their Benefits Cut Back On November 1st
47.6 million Americans are about to have their food stamp benefits cut, and most of them have absolutely no idea that it is about to happen. Needless to say, a lot of them are going to be very angry when they discover that they cannot buy as much food for their families anymore. The reason that this is happening is because a temporary boost to food stamp benefits that was put in during the last recession is expiring. But most of the people that are having their benefits cut will not understand this. Most of them will just be very upset that the government is “taking money away” from them. And considering the “mini-riots” that we witnessed earlier this month when the system that processes food stamp payments went down for a few hours, it is obvious that a lot of food stamp recipients can very easily be pushed over the edge. So what would happen if we have another “debt ceiling crisis” in Washington D.C. early next year and food stamp benefits are temporarily cut off completely?
Wherever “austerity” has been tried in Europe, it has resulted in protests and riots. Could a similar thing happen in this country?
NBC News is reporting that ALL food stamp recipients are going to have their food stamp benefits reduced in November. This is certainly not going to put those living in poverty in a good mood…
Millions of American families could face a sparse holiday table when food stamps benefits get reduced in November, and that could be just the start of deeper cuts to the program to feed poor families.
The modern-day food stamp plan, now called the Supplemental Nutrition Assistance Program, is scheduled toscale back benefits for all recipients on Nov. 1 because a recession-era boost in benefits is expiring.
Sadly, the truth is that food stamp benefits don’t even buy a lot of food right now. According to the USDA, the average monthly food stamp benefit is approximately $272 per household.
And now it will be even lower.
The government says that a family of four will be getting 36 dollars less per month starting on November 1st.
Another One Trillion Dollars ($1,000,000,000,000) In Debt
Did you know that the U.S. national debt has increased by more than a trillion dollars in just over 12 months? On September 30th, 2012 the U.S. national debt was sitting at$16,066,241,407,385.89. Today, it is up to $17,075,590,107,963.57. These numbers come directly from official U.S. government websites and can easily be verified. For a long time the national debt was stuck at just less than 16.7 trillion dollars because of the debt ceiling fight, but now that the debt ceiling crisis has been delayed for a few months the national debt is soaring once again. In fact, just one day after the deal in Congress was reached, the U.S. national debt rose by an astounding328 billion dollars. In the blink of an eye we shattered the 17 trillion dollar mark with no end in sight. We are stealing about $100,000,000 from our children and our grandchildrenevery single hour of every single day. This goes on 24 hours a day, month after month, year after year without any interruption.