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09/03/2003 Archived Entry: "Even worse than the nearly 3 million jobs lost"
Even worse than the nearly 3 million jobs lost
It's bad enough that so many people are out of work - but have you looked at the poverty figures lately?
The number of Americans living below the poverty line increased by more than 1.3 million last year, even though the economy technically edged out of recession during the same period, a Census Bureau report shows. The spike in economic hardship hit individuals and families alike. The report indicated that the total percentage of people in poverty increased to 12.4 percent from 12.1 percent in 2001 and totaled 34.8 million. At the same time, the number of families living in poverty went up by more than 300,000 in 2002 to 7 million from 6.6 million in 2001.
The number of children in poverty rose by more than 600,000 during the same period to 12.2 million. The rate of increase in children under age 5 jumped a full percentage point to 19.8 percent living below the poverty line from 18.8 percent a year earlier.
Replies: 2 people speak up
well, bush obviousely learned his economic strategery from his father, and reagan. except now, its not even trickle down economics, the trickle has been stopped, its now down to "let the poor eat eachother to survive" economics. that will probobly be Bush's next plan, making it legal to eat illegal immigrants. that way he can get rid of all those non americans he hates so much, and feed the poor. im so glad hes working hard on our side, aren't you?
Posted by justin @ 09/03/2003 10:43 AM NY
Marie Antoinette would be so proud of Georgie. Oh, right, she was a Frenchie.
Blah3, referring to your previous post, I guess it's better to be a country that makes chocolate well than to be a country that rebuilds nations poorly.
Posted by Metropolitan99 @ 09/03/2003 11:15 AM NY
