This page has been archived and commenting is disabled.

The 21 Key Statistics About The Explosive Growth Of Poverty In America

Tyler Durden's picture


Submitted by Michael Snyder of The Economic Collapse blog,

If the economy is getting better, then why does poverty in America continue to grow so rapidly?  Yes, the stock market has been hitting all-time highs recently, but also the number of Americans living in poverty has now reached a level not seen since the 1960s.  Yes, corporate profits are at levels never seen before, but so is the number of Americans on food stamps.  Yes, housing prices have started to rebound a little bit (especially in wealthy areas), but there are also more than a million public school students in America that are homeless.  That is the first time that has ever happened in U.S. history. 

So should we measure our economic progress by the false stock market bubble that has been inflated by Ben Bernanke's reckless money printing, or should we measure our economic progress by how the poor and the middle class are doing?  Because if we look at how average Americans are doing these days, then there is not much to be excited about.  In fact, poverty continues to experience explosive growth in the United States and the middle class continues to shrink.  Sadly, the truth is that things are not getting better for most Americans.  With each passing year the level of economic suffering in this country continues to go up, and we haven't even reached the next major wave of the economic collapse yet.  When that strikes, the level of economic pain in this nation is going to be off the charts.

The following are 21 statistics about the explosive growth of poverty in America that everyone should know...

1 - According to the U.S. Census Bureau, approximately one out of every six Americans is now living in poverty.  The number of Americans living in poverty is now at a level not seen since the 1960s.

2 - When you add in the number of low income Americans it is even more sobering.  According to the U.S. Census Bureau, more than 146 million Americans are either "poor" or "low income".

3 - Today, approximately 20 percent of all children in the United States are living in poverty.  Incredibly, a higher percentage of children is living in poverty in America today than was the case back in 1975.

4 - It may be hard to believe, but approximately 57 percent of all children in the United States are currently living in homes that are either considered to be either "low income" or impoverished.

5 - Poverty is the worst in our inner cities.  At this point, 29.2 percent of all African-American households with children are dealing with food insecurity.

6 - According to a recently released report, 60 percent of all children in the city of Detroit are living in poverty.

7 - The number of children living on $2.00 a day or less in the United States has grown to 2.8 million.  That number has increased by 130 percent since 1996.

8 - For the first time ever, more than a million public school students in the United States are homeless.  That number has risen by 57 percent since the 2006-2007 school year.

9 - 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.

10 - One university study estimates that child poverty costs the U.S. economy 500 billion dollars each year.

11 - At this point, approximately one out of every three children in the U.S. lives in a home without a father.

12 - Families that have a head of household under the age of 30 have a poverty rate of 37 percent.

13 - Today, there are approximately 20.2 million Americans that spend more than half of their incomes on housing.  That represents a 46 percent increase from 2001.

14 - About 40 percent of all unemployed workers in America have been out of work for at least half a year.

15 - At this point, one out of every four American workers has a job that pays $10 an hour or less.

16 - There has been an explosion in the number of "working poor" Americans in recent years.  Today, about one out of every four workers in the United States brings home wages that are at or below the poverty level.

17 - Right now, more than 100 million Americans are enrolled in at least one welfare program run by the federal government.  And that does not even include Social Security or Medicare.

18 - An all-time record 47.79 million Americans are now on food stamps.  Back when Barack Obama first took office, that number was only sitting at about 32 million.

19 - The number of Americans on food stamps now exceeds the entire population of Spain.

20 - According to one calculation, the number of Americans on food stamps now exceeds the combined populations of "Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming."

21 - Back in the 1970s, about one out of every 50 Americans was on food stamps.  Today, close to one out of every six Americans is on food stamps.  Even more shocking is the fact that more than one out of every four children in the United States is enrolled in the food stamp program.

Unfortunately, all of these problems are a result of our long-term economic decline.  In a recent article for the New York Times, David Stockman, the former director of the Office of Management and Budget under President Ronald Reagan, did a brilliant job of describing how things have degenerated over the last decade...

Since the S&P 500 first reached its current level, in March 2000, the mad money printers at the Federal Reserve have expanded their balance sheet sixfold (to $3.2 trillion from $500 billion). Yet during that stretch, economic output has grown by an average of 1.7 percent a year (the slowest since the Civil War); real business investment has crawled forward at only 0.8 percent per year; and the payroll job count has crept up at a negligible 0.1 percent annually. Real median family income growth has dropped 8 percent, and the number of full-time middle class jobs, 6 percent. The real net worth of the “bottom” 90 percent has dropped by one-fourth. The number of food stamp and disability aid recipients has more than doubled, to 59 million, about one in five Americans.

For the last couple of years, the U.S. economy has experienced a bubble of false hope that has been produced by unprecedented amounts of government debt and unprecedented money printing by the Federal Reserve.

Unfortunately, that bubble of false hope is not going to last much longer.  In fact, we are already seeing signs that it is getting ready to burst.

For example, initial claims for unemployment benefits shot up to 385,000 for the week ending March 30th.

That is perilously close to the 400,000 "danger level" that I keep warning about.  Once we cross the 400,000 level and stay there, it will be time to go into crisis mode.

In the years ahead, it is going to become increasingly difficult to find a job.  Just the other day I saw an article about an advertisement for a recent job opening at a McDonald's in Massachusetts that required applicants to have "one to two years experience and a bachelor's degree".

If you need a bachelor's degree for a job at McDonald's, then what in the world are blue collar workers going to do when the competition for jobs becomes really intense once the economy experiences another major downturn?

Do not be fooled by the fact that the Dow has been setting new all-time highs.  The truth is that we are in the midst of a long-term economic decline, and things are going to get a lot worse.  If you know someone that is not convinced of this yet, just share the following article with them: "Show This To Anyone That Believes That 'Things Are Getting Better' In America".


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 04/05/2013 - 15:47 | 3413939 lolmao500
lolmao500's picture

Nothing serious but... The Portuguese constitutional court just ruled that 1.1 billion euros in cuts were unconstitutional...

Just saying.

Fri, 04/05/2013 - 15:50 | 3413954 SafelyGraze
SafelyGraze's picture

and even us people who try to give jobs to somebody without a college degree, we still get shut down by gov busybodies

makes you wonder



Fri, 04/05/2013 - 15:51 | 3413962 SafelyGraze
SafelyGraze's picture



Fri, 04/05/2013 - 16:05 | 3414017 kaiserhoff
kaiserhoff's picture

Maria just said gold is getting crushed.

It's only up $26.00 on the day.

What she is pleased to call, her mind.

Fri, 04/05/2013 - 16:07 | 3414023 MillionDollarBonus_
MillionDollarBonus_'s picture

Ok, I've just been doing some analysis on the 4 year chart of the S&P 500, and I have to say this is hands down the best chart I have ever seen. Firstly, there is a clear uptrend, with a steep trend line predicting at least 2000 by year end. Secondly, the MACD is positive, which is also a good sign. Then if you bring up a weekly or monthly chart there is a consistent series of higher highs and higher lows. All of these signals are strong buy indicators. The technicals are screaming buy, so if you don’t own stocks and you think it’s too late to get in, rest assured that stocks still have a long way to go.

Fri, 04/05/2013 - 16:13 | 3414052 Pure Evil
Pure Evil's picture

I heard the view was spectacular just before you slip past the event horizon and fall into the singularity.

Fri, 04/05/2013 - 17:00 | 3414260 blunderdog
blunderdog's picture

That may be true, but you have to wait until the end of time for that.

I ain't got that long.

Fri, 04/05/2013 - 17:53 | 3414440 ronaldawg
ronaldawg's picture

eh - not MILLIONDOLLARBONER again - I read the comment and said "Wow, is he on crack" - then realized that he is only joking....

Fri, 04/05/2013 - 19:22 | 3414718 espirit
espirit's picture

I could have sworn that MDB said "Buy Gold Now!"

Fri, 04/05/2013 - 16:13 | 3414055 James_Cole
James_Cole's picture

Idiotic to claim a bachelors is required to work at McDonalds. 

If true, this is very depressing: 15 - At this point, one out of every four American workers has a job that pays $10 an hour or less.

Fri, 04/05/2013 - 17:28 | 3414361 MillionDollarBonus_
MillionDollarBonus_'s picture

Yes but there are also a lot of oportunities for people to make money outside of their careers. For example, Herbalife allows every day Americans to distribute their world class products and even offers it's distributors sweet rewards like fully paid-for holiday packages. Plus there are a multitude of ways to make money online using online marketing and even FX trading. Sure, you may be earning $10 an hour, but in the 21st century there are many ways for average Americans to supplement their incomes.

Fri, 04/05/2013 - 19:31 | 3414734 espirit
espirit's picture

Right MDB, and for this very reason I only have to legally work part time.

It's easy to make extra monies selling guns, ammo, and drugs at the local black market just one day a week.  I pay no income taxes and easily take home over six figures a year, mostly in unmarked tens and twenties.

Fri, 04/05/2013 - 16:15 | 3414063 AlaricBalth
AlaricBalth's picture

MDB-this post is a bit lame. You can do much better. I've seen it. I know its Friday but come on man, I need some levity going into the weekend.

Fri, 04/05/2013 - 17:21 | 3414282 Dick Buttkiss
Dick Buttkiss's picture

How can you say that, AB? MDB's penetrating analysis has persuaded me to take out a HELOC and go all in.

Wish Bushama could run for a fifth term, but at least Greenanke won't be leaving office, not with Janet Yellen all juiced up and ready to keep the printing presses humping.

Frankly, I don't know which is hotter, her or the economy:


Fri, 04/05/2013 - 16:15 | 3414066 LawsofPhysics
LawsofPhysics's picture

"4-year chart"   LMFAO!  Not very much of a long term planner is he?   What's the the dollar buy now, compared with 5, 10, 15, 20 years ago?  What does an ounce of gold buy over the same time period?  What's does a "bit" purchase now, compared to the last year?

Yes buy stawks now, eat cat-food later.

Fri, 04/05/2013 - 17:04 | 3414270 franzpick
franzpick's picture

I've been doing analysis on DJIA, SPX, NAZ, RUT and other indices, and I haven' seen a top like this in years. The transports failing to confirm other recent index highs, followed by key downside reversals in the broad indices, followed by 3 day, 3% drops in DAX, CAC and FTSE, and domestic index declines, all together indicate that equities are headed strongly lower where the Dec gaps will be filled with markets down 7% from this week's. highs.

Call it a very bearish MDB: Million Dollar Bet.

Fri, 04/05/2013 - 17:18 | 3414332 resurger
resurger's picture

"Algo fuck yourself"

With that much money pumped every day, i have to agree with you ... Dow 36K will come... lol

As greenspan says, fuck the economy, the only thing that matters is the STAWKS reaching new highs..

so yeah, S&P will reach 2,000K and maybe 3K, i stopped trading this ponzi, and anyone with a right mind wont trade this as well. Because you know when they stop printing there is only PA and NPB,NPC,NPD,NPE,NPF ... etc.

Fri, 04/05/2013 - 17:19 | 3414333 purplefrog
purplefrog's picture

Good to hear from you again you old chain puller. You're in good form as usual. It is fun to read your stuff.

Fri, 04/05/2013 - 17:20 | 3414334 Abi Normal
Abi Normal's picture

Technicals you say?  Then why is the Helo guy printing $85 billion a month and buying our own debt and mortgage backed least that is the amount we know about.  Ya, everything is roses according to you, who is your inside guy/gal?  I know for sure, very soon, you will eat your words, cause this ponzi is gonna fail BIG TIME.  Just a matter of when...

On the other hand, sometimes optimism is a bad thing after all, problem is it is misplaced here.  Fake money, fake pols, fake govt, fake economy, as all that they are built on is fake FIAT.

Print MOAR Ben, gotta keep MillionDollarBollocs happy aye!

Fri, 04/05/2013 - 18:24 | 3414511 zerotohero
zerotohero's picture

your like watching paint dry dude

Fri, 04/05/2013 - 20:00 | 3414843 RealeyesRealize
RealeyesRealize's picture

Give me a break MDB everything you just said can be added to the list of why I would SELL the "best looking chart ever".  Tell your employer they ain't foolin us.  Any real trader or technical analyst would tell you we're top heavy as shit right now.  If I shorted stocks, it would be a good play.  I'd also fire you for thinking that.  Actually maybe keep you around to sell when you're bull, buy when bear if you will.

In all seriousness, the S&P is not a penny stock where you can just paint the chart.  Fundamentals should be number one with major indices; not technicals.  Fundamentally speaking, I think we can all agree it's not so bullish.  The fundamentals do not support the techincals. 

I still question the sincerity of your post(s).

Sat, 04/06/2013 - 02:34 | 3415596 Fiat Envy
Fiat Envy's picture

MDB I've just got to say.  With your razor sharp mind you earned every cent of that bonus.

Fri, 04/05/2013 - 16:10 | 3414019 MillionDollarBonus_
MillionDollarBonus_'s picture

We need to have more compassion as a society. The rise in poverty has been associated with a blind worship of the ‘free market’ and deregulation. When will we learn that trickle down economics doesn’t work?

Fri, 04/05/2013 - 16:13 | 3414057 WhyDoesItHurtWh...
WhyDoesItHurtWhen iPee's picture

Huh, ... you almost sounded human.

Fri, 04/05/2013 - 16:15 | 3414058 Pure Evil
Pure Evil's picture

"When will we learn that trickle down economics doesn’t work?"

Probably at the same time you learn that Keynesian economics doesn't work.

At that time a new universe will be created due to the impact of matter and anti-matter.

Fri, 04/05/2013 - 17:20 | 3414339 Harbanger
Harbanger's picture

Barrys trickle up poverty plan is working just fine.

Fri, 04/05/2013 - 16:58 | 3414256 bnbdnb
bnbdnb's picture

QE = Trickle down economics.

Fri, 04/05/2013 - 17:22 | 3414344 purplefrog
purplefrog's picture

Are you having as much fun writing this stuff as we do reading it?

Fri, 04/05/2013 - 15:52 | 3413966 lolmao500
lolmao500's picture

That would force them to make another troika deal... neat.

Fri, 04/05/2013 - 16:05 | 3414022 Calidreaming
Calidreaming's picture

"Show this to anyone that is not convinced "

I just showed this article to the Bernank  and he laughed at me.

Fri, 04/05/2013 - 16:28 | 3414121 RafterManFMJ
RafterManFMJ's picture

I not only live i poverty, but also in filth.  They seem to go together

Fri, 04/05/2013 - 17:54 | 3414442 Abi Normal
Abi Normal's picture

I'm just about ready to experience homelessness, so I will find out very soon how bad that is I guess!  If I didnt have a wife and two great kids, I think I could handle it...

Fri, 04/05/2013 - 15:48 | 3413942 mdtrader
mdtrader's picture

Markets ready to go green

Fri, 04/05/2013 - 15:53 | 3413969 ACP
ACP's picture

Just hitting the stops so they take take it down on Monday.

Fri, 04/05/2013 - 15:50 | 3413943 tallen
tallen's picture

ES Ramp into the close again, up now 6pts on ES Futures since 3:30

Fri, 04/05/2013 - 15:50 | 3413961 mdtrader
mdtrader's picture

Will be smashed lower on Monday morning in Asia. They won't believe the luck being able to sell at better than when the NFP number came out.

Fri, 04/05/2013 - 16:03 | 3414008 I Am Not a Copp...
I Am Not a Copper Top's picture

Kevin Henry should be fired for this epic fail of a ramp job

Fri, 04/05/2013 - 15:50 | 3413949 venturen
venturen's picture

Because if you average the trillions given to the rich and wall street against enforced poverty things are on average better....blankfiend and buffet are doing great....the people unemployed for 5 years(or whose pay was cut 50%) or lost their life saving inthe market(no government bailiout for them) or whose house was taken durig the low...not so well!

Fri, 04/05/2013 - 15:59 | 3413991 oleander garch
oleander garch's picture

Why would anyone suppose that America - represnted by the working man's party in the White House and Senate - would ever do anything for working people?  I have a dream, said Robert Rubin and we have a nightmare.

Fri, 04/05/2013 - 15:50 | 3413950 I Am Not a Copp...
I Am Not a Copper Top's picture

Quick, act surprised

Fri, 04/05/2013 - 15:51 | 3413959 McMolotov
McMolotov's picture

My TeeVee said to buy stocks, watch basketball, and find out what's new with Kim Kardashian's ass. Stop distracting us from what's important.

Fri, 04/05/2013 - 16:33 | 3414154 willwork4food
willwork4food's picture

So true. Pass the doritos.

Sat, 04/06/2013 - 02:25 | 3415591 Parrotile
Parrotile's picture

Owing to "financial constraints" (aka austerity measures) Dorito consumption is now only acceptable during "Special Occasions".  Only the cheapest available Store "Own Brand" versions will be for general use.

Fri, 04/05/2013 - 15:52 | 3413964 orangegeek
orangegeek's picture

Barry and his handouts.  Nice job Barry.


Fri, 04/05/2013 - 15:54 | 3413967 venturen
venturen's picture

But on the bright side...bonuses are up on Wall Street, house prices are exploding in the the money printing and final allocator of your money Washington DC. Politics has never had so much money as they are bribed for every decision.... And Finally Jamie Dimon and Jon Corzine are rich, crooked and free!

Fri, 04/05/2013 - 15:51 | 3413968 q99x2
q99x2's picture

They may be poor but at least they aren't banksters. They are decent people and some of the most willing to join the revolution. A lot of them bought bitcoin at $5 and are holding out until the price hits $10,000

Fri, 04/05/2013 - 16:49 | 3414227 GFKjunior
GFKjunior's picture

It's going to be a wild ride to $10,000 but it will happen. 

Fri, 04/05/2013 - 15:55 | 3413972 SheepDog-One
SheepDog-One's picture

Overall theme here today seems to be 'no shit, Sherlock'.

Fri, 04/05/2013 - 15:55 | 3413977 bonzo112358
bonzo112358's picture

So QE infinity is spurring growth then.

Fri, 04/05/2013 - 16:19 | 3414085 Pure Evil
Pure Evil's picture

Don't let Dr. Krugfart know, he'll try to take all the credit.

Fri, 04/05/2013 - 15:57 | 3413980 lolmao500
lolmao500's picture

Poor in America is like being in paradise compared with poor in Somalia.

Stop whining.

Fri, 04/05/2013 - 15:58 | 3413990 centerline
centerline's picture

for now

Carpe Diem

Fri, 04/05/2013 - 16:17 | 3414070 Urban Redneck
Urban Redneck's picture

And ironically, when those evil bankers disappear... the US will rapidly begin to resemble Somalia (or Detroit for who those who lack the frequent flyer miles).

God a really twisted sense of humor.


Sat, 04/06/2013 - 15:51 | 3416778 mkhs
mkhs's picture

Even with the banksters, we still have Detroit.

Fri, 04/05/2013 - 17:02 | 3414265 blunderdog
blunderdog's picture

Well, yes and no.  The poor in Somalia aren't tormented by a ginormous industry of assholes calling every day to try to extract more money from them.

Fri, 04/05/2013 - 17:59 | 3414451 ronaldawg
ronaldawg's picture

Helllooooo - the poor in Somalia are now living in Ohio in Section 8 apartments....


Fri, 04/05/2013 - 22:46 | 3415309 blunderdog
blunderdog's picture

They're in Somalia AND Ohio?  Far out...that's like so totally Schroedinger, dude!

Sat, 04/06/2013 - 02:27 | 3415594 Parrotile
Parrotile's picture

Somalia has very interesting and really exciting job openings though -

"Join the Somalian Coastguard and find out what it's like to be a "real" Pirate - just like Long John Silver!"

Fri, 04/05/2013 - 16:06 | 3413985 Mercury
Mercury's picture

Well on the bright side the US probably has the fatest poor people in the history of the world and maybe the skiniest rich people too.

Fri, 04/05/2013 - 16:13 | 3414060 SheepDog-One
SheepDog-One's picture

They love to make the poor fat from cheap food, they die by about 35 average.

Fri, 04/05/2013 - 16:16 | 3414071 Bearwagon
Bearwagon's picture

Plus they get the oppurtunity to buy excellent soap for 20$ the piece later.

Fri, 04/05/2013 - 23:02 | 3415336 awakening
awakening's picture

Upvote for Fight Club reference. :)

Fri, 04/05/2013 - 16:00 | 3413995 House-of-Cards
House-of-Cards's picture

Is there in ETF where we can go long Food Stamps? 

Fri, 04/05/2013 - 16:17 | 3414075 Blano
Blano's picture


Fri, 04/05/2013 - 16:01 | 3413998 dobermangang
dobermangang's picture

It's getting so bad in America, that Cyprus, Haiti and Mozambique are holding telethons for us.

It's getting so bad in America, that GS bonuses this year will only be 7 figures large.

It's getting so bad in America, that Obama will only have 23 vacations this year.

I'll be here all week folks.  Try the veal.  It might be horse though.  Remember to tip the waitresses.  It's a depression out there.


Fri, 04/05/2013 - 16:13 | 3414059 bonzo112358
bonzo112358's picture

For only $10 per day you can help feed a starving obese American.  If you can afford $2 more per day, then this out-of-work person collecting more in unemployment benefits than you get in a year can have their meal super sized.  Phone lines are open for your generous donations.

Fri, 04/05/2013 - 17:02 | 3414247 dobermangang
dobermangang's picture

It's getting so bad in America that... the Secret Service Agents have to now pay their foreign hookers in bitcoins.

It''s getting so bad in America that... the Obamaphone Lady, Soledad O'brien and Keith Olberman have joined the Tea Party.

It's getting so bad in America that... Major Bloomberg had to lay off a dozen of his heavily armed bodyguards.

It's getting so bad in America that... Roger Ebert will only vote 3 times for Hillary in 2016.

It's getting so bad in America that... counterfeiting is no longer considered a felony, but just a waste of paper.

It's getting so bad in America that... only 85% of the people on food stamps are now considered obese.

It's getting so bad in America that... Kyle Bass is thinking about moving to Japan.

Fri, 04/05/2013 - 16:02 | 3414006 robertocarlos
robertocarlos's picture

Poverty and charity are big rackets.

Fri, 04/05/2013 - 16:48 | 3414224 earleflorida
earleflorida's picture

yeah, the last charity that mailed me for a donation [get this] said explicitely in the request;  give us a donation now and well never ask you agian...

how's that for moxie! 

Fri, 04/05/2013 - 17:22 | 3414343 Rainman
Rainman's picture

Even poverty has its pimps....I luv Amerika !

Fri, 04/05/2013 - 16:03 | 3414010 slightlyskeptical
slightlyskeptical's picture

I keep seeing that damn McDonalds thing everywhere. The ad requiring a college degree was not accurate. it was posted incorrectly. That said i'm sure that many who have college degrees are working crap jobs at McDonalds.

Fri, 04/05/2013 - 16:18 | 3414081 bank guy in Brussels
bank guy in Brussels's picture

My favourite statistic of that type was on ZeroHedge a while back, in one of the articles on the scam of university education -

The article said that 5000 PhDs in America, are working as janitors !

Or I guess that would be 'sanitation engineers' ...

Fri, 04/05/2013 - 16:52 | 3414238 Skateboarder
Skateboarder's picture

Occassionally dropping a rank down to 'Alms Engineer' (bum) or 'Furniture Analyst' (couch surfer).

Fri, 04/05/2013 - 16:04 | 3414011 ebworthen
ebworthen's picture

Fucking Bartiromo's nipples are hard about the market coming off the lows.

Fucking cunt.  Goddamned lies and more lies, fake hope, false promises.

Ignoring the plight of main street and pumping the casino.

Fucking PONZI!  Jesus, talk of re-fi's saving the economy.


Fri, 04/05/2013 - 16:22 | 3414103 Notarocketscientist
Notarocketscientist's picture

That FAT fuckibng whore needs a 14 inch cialis hardened COCK up the ass

Fri, 04/05/2013 - 16:38 | 3414184 ParkAveFlasher
ParkAveFlasher's picture

Mission: Accepted.  -ParkAveFlasher

Fri, 04/05/2013 - 16:24 | 3414104 SmallerGovNow2
SmallerGovNow2's picture

Did you see that bullshit ramp into the close?  Right.

Mon, 04/08/2013 - 23:28 | 3414454 The Second Rule
The Second Rule's picture

We are now part of a never-ending bullshit parade. Smiling cheerleaders with piss-clean teeth in white polyvinyl chloride boots marching us along to our inevitable doom. Middle class lemmings sailing off the cliff of global collapse to the endless refrain of... "No one could have predicted this...No one could have seen this coming, not even Paul Krugman." Meanwhile the president, 500 feet down in his underground bunker, comes on national television and gives America the finger. "Fuck you! I got mine. Every crumb for himself!"*

*Stole that last bit from WSB

Fri, 04/05/2013 - 16:05 | 3414014 eclectic syncretist
eclectic syncretist's picture

in light of today's developments methinks a little Burl Ives might be in order.

Fri, 04/05/2013 - 16:05 | 3414016 Jack Burton
Jack Burton's picture

I can't argue the facts above. But we must place it in the context of a still ongoing huge influx of people across America's open borders with no intention of EVER going back to their country of origin. And added to that, the list of those in the legal immigration pipeline is full up.

In short, whatever the rise of poverty, many millions want nothing better than to get here and prosper as they succeed, or if they fail, then they prefer American poverty to anything remaining back home. Nothing will stop this influx, the masses are moving to any nation they can find that has the Western social, ethnic and economic model. Britain, NZ, Australia, Canada, Germany, France, Italy, Spain, Sweden, Finland, Norway, Belgium and others in Europe. The world is on the move, no matter what economic problems the European ethnic groups have in their homelands, so called minorities are headed fo these nations. Open borders are an open invitation to come, and people are running to the entrances.

Fri, 04/05/2013 - 16:18 | 3414080 shuckster
shuckster's picture

We should shoot them 

Fri, 04/05/2013 - 16:24 | 3414105 Pure Evil
Pure Evil's picture

They'll keep moving until the place they want to go to begins to resemble the place they want to escape from.

Which in this country shouldn't be much longer.

Fri, 04/05/2013 - 16:24 | 3414107 bank guy in Brussels
bank guy in Brussels's picture

With the USA, I think the big immigration draw is that people think America is like in Hollywood movies, everyone in the nice big houses driving the big vehicles

But quite true that there is no discouraging hundreds of millions from wanting to move to the developed world

Africans here say that back home, Africans often tell each other that every African who makes it to Europe, however illegally, instantly has a job and good income ... from white Europeans who are mostly all rich and eager to hire more staff and servants, so they think

And if an African here tries to tell people back home that things are tough for illegal immigrants, and many Africans are sleeping in the streets ...

The people back home don't believe them ... thinking the immigrants are lying because they don't want to share their wealth with the Africans back home

Fri, 04/05/2013 - 19:03 | 3414654 Jack Burton
Jack Burton's picture

True! What many Africans talk about when they plan their move to the European ethnic regions is the lure of London, or other major UK cities. The talk is of a government provided check to fund their housing in a decent flat, free health care, free education with special language help for immigrants, child benefit [a check for having each child], no need to work to collect benefits, and the African knows that he can not be badly treated or ignored in his needs, or an army of British liberal social workers and lawyers and press will take up their case and win cash settlements and more benefits. They hear that British society is a winning lottery ticket than one need only touch down on UK soil to cash.

While some may say I am overstating the case, I maintain that I am understating just how many benefits and just how many liberals will fight to hand over bigger and bettr benefits to the newcomer from Africa. All this with a job being only something one must take if one feels the desire. All benefits are free of any obligation.

The third world and the Middle East and Eastern Europe all see Britain as an easy mark, a nation too afraid of being called racist to not hand over a full living with all the side benefits to any foreigner who cares to come collect their living free of charge from working Britains.

Labor was full of traitors and haters of their own people, a British liberal is more racist against their own race, their own culture and their own society than any Ku Klux Klan member in the US deep South. I find that European liberals see their duty in life to destroy their culture and their ethnic identity, if not their very race, all in order to fullfil their deep seated hatred of white Europeans, even if the liberal is hemself a white European. I am not a liberal hater, I only hate them when they do things like actively seek to destroy their own culture and race. Fuckn' bugger them all!

Fri, 04/05/2013 - 20:18 | 3414892 archon
archon's picture

The world is like an Orwell novel now - everything is the opposite of what they call it.  The "war on poverty" was really a war on wealth, and the proof of that is we now have more poor people now than there were before the "war on poverty" began, a vanishing middle class, and an elite Ruling Class crying that victory is just around the corner.  It only works because there are enough stupid people in the world who believe whatever peole tell them.  It really is true that for a large portion of the global population, you can piss on them and call it rain, and they'll believe it with a dopey Big-Brother-adoring grin on their face, and happily go on with their lives.

Fri, 04/05/2013 - 16:07 | 3414024 LawsofPhysics
LawsofPhysics's picture

"13 - Today, there are approximately 20.2 million Americans that spend more than half of their incomes on housing.  That represents a 46 percent increase from 2001."

A banker spends a few seconds on the computer adding digits (bits if you will) to your new account.  You spend the rest of your life working to pay them interest, all the while they life a large life, they make bad bets, for which you bail them out with higher taxes, they steal your savings then buy your representation in order to change the laws so cannot be prosecuted.  If you are in Japan, it will be your children and grandchildren also spending their lives to pay the interest/banker - yes they have 100 year loans in Japan.  Roll the motherfucking guillotines already.

Fri, 04/05/2013 - 16:12 | 3414046 Bearwagon
Bearwagon's picture

That's not so motherfucking easy ...

Fri, 04/05/2013 - 16:18 | 3414074 LawsofPhysics
LawsofPhysics's picture

When the supply lines break, it will be.  Blood pudding, it's what's for dinner.

Fri, 04/05/2013 - 16:07 | 3414027 Black Markets
Black Markets's picture

Get a fucking job you scumbags.

Fri, 04/05/2013 - 16:08 | 3414030 debtor of last ...
debtor of last resort's picture

A president 'for the people' just in time ponzi extension. The masses wake up only when ms. Liberty pukes in the water, prime time.

Fri, 04/05/2013 - 16:09 | 3414031 q99x2
q99x2's picture

The poor need hallucinogenic opioids (acid mixed with smack) to restore this country's direction.

Fri, 04/05/2013 - 16:12 | 3414051 Bearwagon
Bearwagon's picture

They shall get PCP !

Fri, 04/05/2013 - 17:06 | 3414281 blunderdog
blunderdog's picture

You don't know what you're talking about.  There are several phenethylamines that are FAR better, for many reasons.

Sat, 04/06/2013 - 02:46 | 3415604 Parrotile
Parrotile's picture

The US Army investigated the use of LSD-25 as an incapacitating agent during the (last?) Vietnam war with interesting results.

This is but one of the many highly potent, easily dispersed psychoactive agents that could (and for that read would) be considered as a bulk antipersonnel weapon "should things become interesting".

That, and Heavens knows what else had been cooked up by Ft Dietrick under the guise of "chemical defence preparedness".

Sat, 04/06/2013 - 18:47 | 3417245 blunderdog
blunderdog's picture

"Interesting" meaning "disappointing," sure.

The effects of LSD are too unpredictable for deployment in combat.  It wouldn't even be suitable to distribute to a civilian population to try to keep them off the battlefield.

If this is the sort of thing that really interests you, you should read up on the phenethylamines.

Sun, 04/07/2013 - 06:45 | 3418076 Bearwagon
Bearwagon's picture

Just for the record: PCP is 1-[1-phenylcyclohexyl]piperidine, so, as you can see, it is no Phenethylamine.

And just for your information: In this case, I know exactly what I'm talking about.

(Maybe you're right, nonetheless: PCP is sooo old-school ... but, so am I.)

Thu, 05/16/2013 - 23:44 | 3571783 GoinFawr
GoinFawr's picture

Ever see the film Jacob's Ladder?

And by the way:

Come back bd. I always liked you blud!

Fri, 04/05/2013 - 16:12 | 3414044 Gordon Freeman
Gordon Freeman's picture

Boo-hoo-hoo!  The basic govt "poverty" package nets out to a family income of $60K+, as abundantly documented byTD.  Articles like these make me puke...

Fri, 04/05/2013 - 16:16 | 3414065 centerline
centerline's picture

Nah, let's increase it big time.  Say $100k.  Then most of us don't have to work either.  What could go wrong?  Debt is just money we owe to ourselves, right?

Fri, 04/05/2013 - 16:12 | 3414048 carlsbro
carlsbro's picture

They are poor because they don't buy gold. Fools!

Fri, 04/05/2013 - 16:19 | 3414082 Kirk2NCC1701
Kirk2NCC1701's picture

The Big JPG & Theme?  The Fed is like the local drug dealer.  The ride up is great, the ride down... not so much.  The top families are as rich and richer as ever.  The rest, not so much. 

Ain't globalism great?  Welcome to Feudalism 2.0.

Fri, 04/05/2013 - 16:19 | 3414088 WTFx10
WTFx10's picture

Not that theres anything wrong with that?


Fri, 04/05/2013 - 16:21 | 3414091 Butt Fux
Butt Fux's picture


Fri, 04/05/2013 - 16:21 | 3414093 One of We
One of We's picture

We got the blacks jealous of the whites, the whites hating the mexicans, the mexicans and blacks hating eachother, everybody in the poorhouse or the rich if we can just get rid of those pesky middle class gun lovers in the suburbs and country we can have Soviet-style May Day parades down Mainstreet USSA......

Fri, 04/05/2013 - 16:30 | 3414139 Pure Evil
Pure Evil's picture

You just described every liberals wet dream.

Fri, 04/05/2013 - 20:40 | 3414958 JR
JR's picture

Barack Obama is on the road selling gun control while his Department of Homeland Security arns itself to the teeth, telling the sheeple in typical doublethink that government tyranny is impossible in America because the “Government is us.”

“In his big pitch in Colorado on Wednesday for further gun control, President Obama made an astonishing statement about gun rights advocates’ fears of governmental gun seizures. He said that such worries would just feed ‘into fears about government. You hear some of these folks: “I need a gun to protect myself from the government. We can’t do background checks because the government’s going to come take my guns away.” The government’s us. These officials are elected by you … I am constrained as they are constrained by the system that our founders put in place.’” – Ben Shapiro (April 3, 2013

One of those Founders whom Barack Obama misrepresents is President Thomas Jefferson who warned that liberty, even under the Constitution, could not be maintained without constant vigilance.  Jefferson wrote in his famous Tree of Liberty letter from France, after receiving his copy of the Constitution adopted in September 1987, that “lethargy [is] the forerunner of death to the public liberty”:

“What country ever existed a century and a half without a rebellion? And what country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. It is its natural manure.– Thomas Jefferson to William Stephens Smith, Paris, 13 November 1787.

“The most effective way to destroy people is to deny and obliterate their own understanding of their history.”
? George Orwell

Fri, 04/05/2013 - 16:22 | 3414098 foodstampbarry
foodstampbarry's picture

All going according to the Marxist plan... FORWARD!

Fri, 04/05/2013 - 16:32 | 3414108 W74
W74's picture

Check cashing stores and Payday lenders are moving into the burbs now, not McMansion areas yet, but certainly into the good working/middle class areas.  I guess the vultures are swirling over new areas to pick off fresh(er) chunks of destitute meat.

Other indicator: more and more White homeless on the corners.  At the very northern point of Anne Arundel county Maryland (you can google.maps this) near Potee St. and Rt. 2 all four corners are occupied by homeless from 0530 to ~2130.  I've even seen them change shifts (Imagine that).  Most of these people, especially the early morning and late nighters are legit, actually I think they all are.

Another indicator: More and more Whites moving into the ghetto/semi-ghetto AND doubling up to cut costs.  Plenty of co-workers taking in children and brothers and sisters.

How many indicators was that?  6 or 7?

Fri, 04/05/2013 - 16:58 | 3414252 RobD
RobD's picture

We have taken in my Sister and two of my wife's nieces. The nieces work but can't get enough hours/pay to make it on there own and my sister was the same until she went on disability(has chrones disease). Have two kids of my own so we have quite the Waltons thing going on here. Night Johnboy.

Fri, 04/05/2013 - 16:27 | 3414120 unplugged
unplugged's picture

Next:  Bachelor's Degree required to apply for college.

Fri, 04/05/2013 - 17:05 | 3414278 realtick
realtick's picture


Fri, 04/05/2013 - 16:30 | 3414140 Walt D.
Walt D.'s picture

We just need to wait for the tax hikes on the rich (aka mom and pop businesses) to kick in. That should create a job boom.

Wait a minute, they just did, and job creation is down? How come it's not different this time?

Deja vu all over again. 

The Obama Administration has 50-50 hindsight.

Never mind, Krugman and Obama have the way out of this - more taxes and more spending (particularly on boondoggles). 

(To be fair, Krugman is a Keynesian, so he does not care whether the money is spent on boondoggles, as long as it is spent on something.)

Fri, 04/05/2013 - 16:34 | 3414160 Joe A
Joe A's picture

But hey, at least in America you are free!


Fri, 04/05/2013 - 16:39 | 3414181 Fix It Again Timmy
Fix It Again Timmy's picture

So, Germany after WWII was a desolate, bombed out shell of its self.  Millions were killed, wounded, lost homes, industries were bombed to dust, BUT they came back.  What in the hell did they do and why can't we follow?  I realize that it involve carpet bombing D.C. and the Federal Reserve system....

Fri, 04/05/2013 - 17:33 | 3414385 Diogenes
Diogenes's picture

They eliminated socialism and government planning. By that time they had had 60 years of it and knew how it worked. In other words they adopted the free enterprise system just as we abandoned it.

Right after WW2 an American economist advised Germany to inflate the currency to stimulate the economy. The reply was "We wouldn't dare. The people have seen their money reduced to zero 3 times in the last 30 years. Any sign of inflation and you will see the biggest bank run you ever saw".

The occupation government put on wage and price controls and forbade the Germans from changing them without permission. So the Germans eliminated them entirely! They never thought of that. Wartime controls were not eliminated in the US until 1951.

The result was the "German miracle". They went from a bombed out wreck to being richer than they had ever been, in 10 years.

Fri, 04/05/2013 - 19:51 | 3414806 lolman
lolman's picture

Your plan only works with ethnic groups with IQ over 100


Libertarianism for low-IQ groups means Somalia

Fri, 04/05/2013 - 17:42 | 3414197 kevinearick
kevinearick's picture

The old families eat the children of the new families, until they can't. It has always been so, with ever-increasing layers of misdirection.

thousands of homeless on the street, most collecting a small check to defray the cost of addiction, and the corporate welfare queens are paying $90 to park for the game.

Which do you suppose comes first, socialism or addiction?

Fri, 04/05/2013 - 16:43 | 3414204 denverdolomte
denverdolomte's picture

“I believe in a relatively equal society, supported by institutions that limit extremes of wealth and poverty. I believe in democracy, civil liberties, and the rule of law. That makes me a liberal, and I’m proud of it.” 
Paul Krugman


Hey Frugleman, please explain how the Federal Reseve, Obama Administration, all government agencies, the Military Industrial Complex, and all banks follow the rules of these regulatory institutions you speak of?

So institutions that limit extremes......what is your response to this : ""I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if we do prosecute — if we do bring a criminal charge — it will have a negative impact on the national economy, perhaps even the world economy," Holder said. "I think that is a function of the fact that some of these institutions have become too large."



Fri, 04/05/2013 - 17:10 | 3414213 Kirk2NCC1701
Kirk2NCC1701's picture

Capitalism and Free Enterprise have different faces in different places.  In the US, it's not the face of Uncle Sam, but the face of a Zombie: 

The all-seeing eye of the Federal Reserve,  yawning mouth & bite of the Military, the forked tongue of fraud & leveraging, and the oozing life blood of oil. 



Sat, 04/06/2013 - 09:03 | 3415840 trader1
trader1's picture

US military is probably the most socialist organization on earth besides a hutterite colony. 

Fri, 04/05/2013 - 16:54 | 3414243 StarTedStackin'
StarTedStackin&#039;'s picture

OBowel the magic knee grow has handed out everything he possibly could to his people..........



Fuck you white folks who work for a living........

Fri, 04/05/2013 - 17:28 | 3414359 blunderdog
blunderdog's picture

What's with the racial hangups with all you white dudes?

Fri, 04/05/2013 - 19:49 | 3414801 denverdolomte
denverdolomte's picture

probably sports and internet porn if i had to guess.

Fri, 04/05/2013 - 22:47 | 3415313 blunderdog
blunderdog's picture

If I were his coach, I'd call him a fairy faggot and kick him in the face.

Fri, 04/05/2013 - 17:06 | 3414284 JR
JR's picture

This article is a cover up for the welfare state. Not once does it delve into the real problem – The 1965 Immigration Act.

Not once does it reveal the just released Senate Budget Committee report showing households living below the poverty line and receiving welfare payments are taking in the equivalent of $168 per day in benefits in the form of food stamps, housing, childcare, healthcare and more: the equivalent of $30 an hour for 40 hours a week, or $62,400 annually, tax free.

If the banker-connected aggressive party now in office wrote this article, then they are well on track, not to solve the problem of poverty, but to create poverty and destroy the nation.

As how to destroy a country, Dick Lamm, the former governor of Colorado, has the recipe:

I have a plan to destroy America
by Richard D. Lammn (2004)

I have a secret plan to destroy America. If you believe, as many do, that America is too smug, too white bread, too self-satisfied, too rich, let’s destroy America. It is not that hard to do. History shows that nations are more fragile than their citizens think. No nation in history has survived the ravages of time. Arnold Toynbee observed that all great civilizations rise and they all fall, and that “an autopsy of history would show that all great nations commit suicide.” Here is my plan:

1. We must first make America a bilingual-bicultural country. History shows, in my opinion, that no nation can survive the tension, conflict and antagonism of two competing languages and cultures. It is a blessing for an individual to be bilingual; it is a curse for a society to be bilingual. One scholar, Seymour Martin Lipset, put it this way: “The histories of bilingual and bicultural societies that do not assimilate are histories of turmoil, tension and tragedy. Canada, Belgium, Malaysia, Lebanon all face crises of national existence in which minorities press for autonomy, if not independence. Pakistan and Cyprus have divided. Nigeria suppressed an ethnic rebellion. France faces difficulties with its Basques, Bretons and Corsicans.”

2. I would then invent “multiculturalism” and encourage immigrants to maintain their own culture. I would make it an article of belief that all cultures are equal: that there are no cultural differences that are important. I would declare it an article of faith that the black and Hispanic dropout rate is only due to prejudice and discrimination by the majority. Every other explanation is out-of-bounds.

3. We can make the United States a “Hispanic Quebec” without much effort. The key is to celebrate diversity rather than unity. As Benjamin Schwarz said in the Atlantic Monthly recently, “The apparent success of our own multiethnic and multicultural experiment might have been achieved, not by tolerance, but by hegemony. Without the dominance that once dictated ethnocentrically, and what it meant to be an American, we are left with only tolerance and pluralism to hold us together.” I would encourage all immigrants to keep their own language and culture. I would replace the melting pot metaphor with a salad bowl metaphor. It is important to insure that we have various cultural sub-groups living in America reinforcing their differences, rather than Americans emphasizing their similarities.

4. Having done all this, I would make our fastest-growing demographic group the least educated. I would add a second underclass, unassimilated, undereducated and antagonistic to our population. I would have this second underclass have a 50 percent dropout rate from school.

5. I would then get the big foundations and big business to give these efforts lots of money. I would invest in ethnic identity, and I would establish the cult of victimology. I would get all minorities to think their lack of success was all the fault of the majority. I would start a grievance industry blaming all minority failure on the majority population.

6. I would establish dual citizenship and promote divided loyalties. I would “celebrate diversity.” “Diversity” is a wonderfully seductive word. It stresses differences rather than commonalities. Diverse people worldwide are mostly engaged in hating each other–that is, when they are not killing each other. A “diverse,” peaceful or stable society is against most historical precedent. People undervalue the unity it takes to keep a nation together, and we can take advantage of this myopia. ...

7. Then I would place all these subjects off-limits–make it taboo to talk about. I would find a word similar to “heretic” in the 16th century that stopped discussion and paralyzed thinking. Words like “racist”, “xenophobe” halt argument and conversation. Having made America a bilingual-bicultural country, having established multiculturalism, having the large foundations fund the doctrine of “victimology,” I would next make it impossible to enforce our immigration laws. I would develop a mantra –”because immigration has been good for America, it must always be good.” I would make every individual immigrant sympatric and ignore the cumulative impact.

8. Lastly, I would censor Victor Davis Hanson’s book “Mexifornia” –this book is dangerous; it exposes my plan to destroy America. So please, please–if you feel that America deserves to be destroyed–please, please–don’t buy this book! This guy is on to my plan.

“The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum.” –Noam Chomsky, American linguist and U.S. media and foreign policy critic.

Fri, 04/05/2013 - 17:16 | 3414326 Kirk2NCC1701
Kirk2NCC1701's picture

Interesting & entertaining, but... no special 'conspiracy' is needed beyond the Fifth Column of Central Banking that is running and ruining America. 

In fact, the opposite is true:  It's increasingly difficult to keep it from getting destroyed from these "domestic enemies" that the Constitution and Bill of Rights tried to safeguard (2nd Amendment, Silver Coin, Congress shall declare war, Habeus Corpus...).

Sat, 04/06/2013 - 09:05 | 3415841 trader1
trader1's picture

what's wrong with immigration?


america wouldn't exist without immigration.


the problem is that there are too many americans not interested in doing "real work", i.e. getting their hands dirty.



Sat, 04/06/2013 - 09:14 | 3415850 ThisIsBob
ThisIsBob's picture

What's wrong with immigration?  Ask the American Indians.

Sat, 04/06/2013 - 11:23 | 3416111 JR
JR's picture

You know what, ThisIsBob, this was not their country.

“There has been so much concentration on the native Americans found in possession when the white man came that little thought has been given to those who preceded them (such as the Anasazi)… It is time white men understand that most of the Indians found in possession were latecomers, and all too little was known and who had preceded them.” – Louis L’Amour, Jubal Sackett

“The Indians that the white man met were no more the original inhabitants of the country than were the Normans and Saxons the original inhabitants of England. Other peoples had come and gone before, leaving only their shadows upon the land…” –Louis L’Amour, Haunted Mesa

And many Indian nations, such as the Massachusetts, welcomed the settlers, selling them portions of their land.

As to the claim that America’s southwest was Mexican territory, it was not. It was New Spain territory, defined as “the former Spanish viceroyalty (1521-1821) in North America including the southwest United States.”

from Encyclopedia Britannica Colonial Period 1519-1821:

 “The conquest of the Aztecs by a Spanish force under Hernan Cortes between 1519 and 1521 inaugurated the colonial period of Mexican history. Mexico remained part of the Spanish empire until the establishment of independence in 1821. Along with neighboring regions, it was officially known as New Spain. …

“Near the end of the 16th century the northern frontier of New Spain in most areas was close to the present Mexican-United States boundary line. Within the area that is now the United States a settlement had been made in Florida in 1565. In 1598 Juan de Onate began the conquest of New Mexico, though the Indians of the region rebelled in 1680 and were not re-conquered until 1694. After the French had established colonies in Louisiana, Spanish settlements were made in Texas in 1716, while on the Pacific Coast the threat of Russian expansion caused the Spaniards in 1769 to begin the occupation of upper California.  Throughout the 18th century, there were incessant boundary disputes between Spain, Britain, France and subsequently the United States, and other territories changed hands several times. Florida was ceded to Britain in 1763, restored to Spain in 1783 and sold to the United States in 1819. Louisiana became Spanish in 1763, but was regained by France in 1800 and sold to the United States three years later. The northern boundary of New Spain remained largely indeterminate until the Adams-Onis treaty of 1819, by which the United States acquired Florida, but recognized Spanish sovereignty over Texas, New Mexico and California… “

Sat, 04/06/2013 - 11:16 | 3416064 JR
JR's picture

The distinction needs to be made between immigrants and welfare immigrants. Which ones built this country?

Just who do you think broke the sod, cleared the forests, mined the minerals, built the railroads and cities and developed the most advanced and prosperous economy in the history of the world; not to mention the discipline and character to advance the most important republic ever to visit the face of this planet, not to mention the blood spelt for these ideals?

That, sir or ma’am, was work, people willing to work.

The tsunami of illegal immigrants brought to this country are hardly up to the task of maintaining a nation that once had these high standards; instead, these illegal newcomers are arriving to take, not to give, and you know what, of the people who are trying to hold on to their lives in the face of this tsunami, they are being asked to give up the fruits of their hard labor in order to provide for a $62,000-a-year stay-at-home welfare recipient (see above). 

Fri, 04/05/2013 - 17:09 | 3414295 orangegeek
orangegeek's picture

Key Poverty Statistic 22:


Ben and Barry are finger-fucking with the markets and using tax dollars to pay for it while fist-fucking the economy and the unemployed in the process.

Fri, 04/05/2013 - 17:11 | 3414301 The Second Rule
The Second Rule's picture

I think 'Merikuh has been fooling itself ever since the 1970s when it went off the gold standard. Really it's been a long slow decline since then. I don't have the chart handy but wasn't 1968 the highest GDP per capita in this country? I think it was. The poverty stats are wince-worthy. That talking heads on the alphabet channels can tout the DOW headlines when 1,000,000 school-age children are living in poverty is absolutely disgusting. I almost don't even want to talk about it. I'd rather put a quart of vodka in the freezer and get drunk.

Fri, 04/05/2013 - 21:32 | 3414313 snblitz
snblitz's picture

When arguing a point it is best not to be misleading.

but there are also more than a million public school students in America that are homeless.  That is the first time that has ever happened in U.S. history. 

Many things will be a "first time" simply because you have a growing population.  That in itself does not imply things are getting better or worse.

Let us set aside the definition of "homeless" and instead look to the more well defined "poor".

The poor are often the bottom quintile (1/5) of the population by some factor (perhaps income), or a group with an income below some percentage of some other portion of the population.  Neither of these populations of people can be done away with regardless of what you do (well almost).  There is always a bottom quintile and there is always (almost) some portion of the population with an income below some other portion of people's incomes.

(The one way to eliminate the above mathematical certainties is to make everyone's income identical)

However, looking at spending, or assets, or standard of living paints a very different picture.

The average poor person in the US has a higher standard of living than the average European. (not the poor in Europe, but the average in Europe).

The average poor person in the US has a higher standard of living than the European Kings and Queens of 400 years ago.



Fri, 04/05/2013 - 17:20 | 3414336 BurningFuld
BurningFuld's picture

I was just booking a flight to take all my money to a Greek Bank!

Is this a bad idea?

Fri, 04/05/2013 - 17:23 | 3414345 Mototard at Large
Mototard at Large's picture

No.  The Greeks truly love foreign donations!

Fri, 04/05/2013 - 17:21 | 3414342 Mototard at Large
Mototard at Large's picture

dutch banks getting hit now by ddos attacks.

Anyone have any info on this?



Fri, 04/05/2013 - 17:23 | 3414347 Diogenes
Diogenes's picture

No more fat bellied capitalists in striped pants and top hats. No more dark satanic mills. No more factory chimnies belching black smoke into the air. No more soul destroying assembly line jobs.

The people are free to open like a flower and develop the best that is in them.

Congtratulations liberals! You won!

Fri, 04/05/2013 - 17:29 | 3414368 IQ 101
IQ 101's picture

Blue collar industry is the backbone of Americas golden years,so if we send all the manufacturing jobs to our slave wage satellite 'friends' overseas and then open up the borders to any dope dealing baby rapist who wants to come,we should be able to ruin the country in a few decades.

Let's speed things up a little by empowering the most corrupt churches and diminishing any moral perspective then we could set up a No Fault Divorce racket and ruin the whole family thing, if we tell women that they don't need to bother working stuff out now because the government will send them a nice check every month we could convice them that divorce is the only rational path.                                           This is probably going to piss off their ex-husbands a little bit and thats great, in fact a whole lot of them might take to drinking or worse when they lose at least half their property and their children and their once beloved spouse because she had a whim for 'Liberation', not realizing that it was at the expence of her whole family's future wellbeing,they like that Liberation word!

Then if the husband guys get a bit bent out of shape we can charge them such large amounts of child support that they can hardly afford to feed themselves,never mind pay the rent, hell,and if they get behind on the child support payments we could pull their drivers license or even throw them in jail,hell ,half the alpha male family breeding blue collars will be unemployed and our friends from over seas can take their jobs! Genius! and all the time we will be lining our pockets!

Yeah! Then we can go after the middle class! you know their going to get behind all the new law's based on sympathy and Liberation and equality,it's in their blood,they can't help it, I sure like this Affirmative action idea,and the drugs and abortion plan thrown in,we will be running this joint in no time, howabout if we make em get $20,000 in inspection fees just to open a vegatable stand,they'd have to pay the city inspectors,fire,zoning,enviromental impact and anything else we can dream up,we'll kill em!

This is an imaginary coversation that is taking place every day in the hearts of your fearless leaders,see it come to pass and do nothing.


Fri, 04/05/2013 - 17:34 | 3414382 Walt D.
Walt D.'s picture

We just need to wait for the tax hikes on the rich (aka mom and pop businesses) to kick in. That should create a job boom.

Wait a minute, they just did, and job creation is down? How come it's not different this time?

Deja vu all over again. 

The Obama Administration has 50-50 hindsight.

Never mind, Krugman and Obama have the way out of this - more taxes and more spending (particularly on boondoggles). 

(To be fair, Krugman is a Keynesian, so he does not care whether the money is spent on boondoggles, as long as it is spent on something.)

Fri, 04/05/2013 - 18:43 | 3414585 Walt D.
Walt D.'s picture

There will be a lot more living below the poverty level when the iPhone6 comes out! (Everyone who still has an iPhone4).

Fri, 04/05/2013 - 19:27 | 3414729 StarTedStackin'
StarTedStackin&#039;'s picture

All 21 are Bush's fault........The OBowel Movement said so.




I actually mis the high GDP, low unemployment and low budget deficits of the Bush years.....






it just goes to show how many pathetic sheep are fooled by the Socialist media.

Fri, 04/05/2013 - 20:06 | 3414858 cheetahbaby
cheetahbaby's picture

The very most holy Reverend Jesse Jackson is the only guy in America to become a multi-millionaire fighting poverty. His peculiar son chose the wrong racket... Hahahaha.

Fri, 04/05/2013 - 21:59 | 3415223 dexter_morgan
dexter_morgan's picture

What? When did this happen? After all, I thought less people needed assistance now days given the DHS can afford billions of rounds of ammunition for.........well for what I don't know........

Sat, 04/06/2013 - 11:35 | 3416156 De minimus
De minimus's picture

When you create a police state, this one will be Marxist, you need a police force to keep your "free" people in line.

Fri, 04/05/2013 - 22:55 | 3415330 Totentänzerlied
Totentänzerlied's picture

That wealth effect's coming. Any. Minute. Now.

Fri, 04/05/2013 - 23:07 | 3415343 Icantstopthinki...
IcantstopthinkingaboutNINJAs's picture

"food insecurity."


Please show me the childhood obesity statistics too when you write statistics like the above.  One of them is wrong.

Fri, 04/05/2013 - 23:16 | 3415364 bait_n_switch
bait_n_switch's picture

No, one of them is not wrong.  Fattening junk food is cheap, not to mention, the poorer the neighborhood, the less likely there are grocery stores in the area.  It's really not rocket science. 

Sat, 04/06/2013 - 05:13 | 3415678 SmittyinLA
SmittyinLA's picture

LA Raza blows

Funny you can mention those stats and NOT mention the source (mass Mexican invasion in the tens of millions)


Sat, 04/06/2013 - 09:57 | 3415890 d edwards
d edwards's picture

Welcome to the 0bama depression.

Sat, 04/06/2013 - 13:03 | 3416370 MarcusLCrassus
MarcusLCrassus's picture

This is nothing some more tax cuts for billionaires wont solve.

Do NOT follow this link or you will be banned from the site!