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“U.S. sees highest poverty spike since the 1960s”

“U.S. sees highest poverty spike since the 1960s, leaving 50 million Americans poor as government cuts billions in spending… so does that mean there’s no way out?”

“The number of Americans living in poverty has spiked to levels not seen since the mid 1960s, classing 20 per cent of the countrys children as poor.

It comes at a time when government spending cuts of $85 billion have kicked in after feuding Democrats and Republicans failed to agree on a better plan for addressing the national deficit.

The cuts will directly affect 50 million Americans living below the poverty income line and reduce their chances of finding work and a better life.”

“The U.S. Census Bureau puts the number of Americans in poverty at levels not seen since the mid-1960s when President Lyndon B. Johnson launched the federal government’s so-called War on Poverty.

As President Barack Obama began his second term in January, nearly 50 million Americans one in six were living below the income line that defines poverty, according to the bureau. A family of four that earns less than $23,021 a year is listed as living in poverty.

The bureau said 20 percent of the country’s children are poor.”

“Democrats insist there is an essential role for government in putting a floor under the poor and helping local governments with problems that the private sector cannot or will not shoulder.

Some worry the gap between rich and poor in the U.S. will keep widening under the austerity measures.

According to a report by the non-partisan Congressional Research Service late last year, ‘U.S. income distribution appears to be among the most unequal of all major industrialized countries and the United States appears to be among the nations experiencing the greatest increases in measures of income,'” quoting the AP in UK’s Daily Mail.
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Posted by Steve on April 12, 2013 at 6:38 am | Permalink

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