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Obamanomics: Census Finds U.S. Poverty Rate Spiking To Nearly 50 Million Americans…
Hope and change...................SHAME, BUT NO HOPE!
WASHINGTON (CBSDC/AP) – As President Barack Obama is set to begin his second term, new statistics on America’s poverty rate indicate that nearly 50 million Americans, more than 16 percent of the population, are struggling to survive.
New figures released by the Census Bureau this week found a spike in poverty numbers last year, going from 49 million in 2010 to 49.7 million last year. The numbers may come as a surprise to Congress, which estimated in September that the poverty rate would drop to 46.2 million. One of the most startling findings showed that almost 20 percent of American children continue to live in poverty.
The Associated Press reports that the new figures are based on an updated formula devised by the Census Bureau to help give the government a better understanding for how to use safety-net programs.
The numbers found that Hispanics and people living in urban areas had a higher chance of struggling to make it financially. Poverty among full-time and part-time workers also saw a jump from its 2010 numbers.
Based on the formula implemented by the Census Bureau, California tops the list as the sate most likely to bring about poverty. The top five is rounded out by the District of Columbia, Arizona, Florida and Georgia.
You must anissed MCD's earning report
SAME STORE SALES DOWN!
Peeps cant afford $1 meals
Its NOT Sandy......Its NIGGER OM ICKS
Republicans say HELL NO TO Tax Hikes!
Claims that they'll kill small business growth!
Translation: Republicans claim that a small business owner who believes a new worker would generate a profit for the company would hire that person if the owner had 65% of the profit over $250,000 a year left over after federal taxes are deducted, but not if the after-tax take were 60.5%.
An argument as dumb as "would anyone intentionally make less money so as to be in a lower tax bracket".
Republicans: Bad At Math, Excellent at Lying Through Their Teeth
Just short term till McDonalds need 50,000 more employees.
Let us once again note
The great mkt reaction to the so called re-electin of one
BronkOH!bama!
its 2008 all over again
only this time
The JEW FED is outa bullets
will they PAY EM?
or just feed em instead?
I don't want to alarm anyone, but Chrysler just announced that it would add 1,250 new jobs and spend $238M at three Detroit-area plants in the near future.
Clearly they waited till Oblama-llama was re-elected!
This cancels
OUT WHAT?
The S&P 500 is up 62% since Obama took office. 2008 all over again? Hardly.
Vetteman isn't here. Are you allowed to post without your daddy looking over your shoulder?
*bitch slap*
We haev 2 MIN PINS
watch what you say
No volume, no movement, no news this week. Wake me up when it does something!
He came to New York today and said, "I'm here to fix it."
He came to New York today and said, "I'm here to fix it."