Monday, July 23, 2012

American Poverty Set to Reach New Highs Under Obama

Here's some rather disconcerting news, as if we needed any more, that the progressive Obama administration is an economy-killer.

US poverty on track to rise to highest since 1960s.

The Associated Press surveyed more than a dozen economists, think tanks and academics, both nonpartisan and those with known liberal or conservative leanings, and found a broad consensus: The official poverty rate will rise from 15.1 percent in 2010, climbing as high as 15.7 percent. Several predicted a more modest gain, but even a 0.1 percentage point increase would put poverty at the highest level since 1965.

If we had a government that was actually working in our best interest ("for the common welfare" would be a quaint way to put it), wouldn't we have a diverse economy with opportunity for all, like we used to have?

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