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Obama legacy: Middle class down, poverty rates up
Poverty up 6,667,000; Record 46,496,000 now impoverished – Middle-class fared worse than any year since 1989
The U.S. Census Bureau has released the dismal account of how Barack Obama’s leadership is failing American families. The information is contained in this 88-page report, titled Income, Poverty, and Health Insurance Coverage in the United States: 2012
During Obama’s first term the real median income of American households dropped by $2,627 and the number of people in poverty increased by approximately 6,667,000. Arizona, with 19 percent living in poverty, has one of the highest rates in the nation.
In 2008, real median household income in the United States was $53,644. Shockingly, that figure has declined in every year of Obama’s first term. In 2009, the year he was inaugurated, it dropped to 53,285. In 2010, his second year in office, it dropped further to $51,892. In 2011, his third year in office, it fell to $51,100. And, in 2012, his fourth year in office, it tumbled even further to $51,017 — indicating a drop of $2,627—or 4.89 percent—from 2008 to 2012.
The number of people living in poverty in the U.S. has increased during those same years. In 2008, according to the Census Bureau data, there were approximately 39,829,000 people living in poverty. In 2012, that number jumped to 46,496,000 — a sharp increase of approximately 6,667,000, or 16.73 percent — from 2008 to 2012.
In 2008, people in poverty represented 13.2 percent of America’s population. In 2012, the impoverished had risen to 15.0 percent.
An even bleaker picture is painted in the Congressional Budget Office report, which sends an urgent message to Americans, as it says the nation’s debt is on an “unsustainable path.” Implementation of Obamacare will exacerbate the crisis. CBO warns federal debt held by the public will hit 100% of GDP by 2038.
This Fox News report details the results of a new poll showing an overwhelming majority of Americans are concerned about their healthcare plan under Obamacare. A majority — 68% — want to go back to the 2009 healthcare system. Concerns are not only shared by Republicans and Independents, but by a 56-percent majority of Democrats. Watch this report.
Still, Obama’s media accomplices remain mum. And the far-left Arizona Republic? It relegated this significant report to Page 8, although giving prominence to expected increases in lottery jackpots. Still buying this supposed disseminator of news?
Source: http://seeingredaz.wordpress.com/2013/09/18/obama-legacy-middle-class-down-poverty-rates-up/
