Tuesday, November 8, 2011

Over 49 Millions Americans Live in Poverty

"Hope and change" is destroying America and its citizens. In Obama's quest to "spread the wealth", the reality is that he is spreading poverty instead.

Read from Weasel Zippers:

Obamanomics: Record Number of Americans Living In Poverty, 49.1 Million

"Hope and change.


WASHINGTON (AP) —; New census estimates show the number of Americans living in poverty is higher than previously known — reaching a new level of 49.1 million, or 16 percent.

The numbers released Monday are a new supplemental poverty measure aimed at providing a fuller picture of poverty of America. They are higher than the official 2010 poverty rate of 15.1 percent, or a record 46.2 million, that was reported in September.

Much of the increase in the new measure comes from rising everyday costs, such as out-of-pocket medical expenses, that aren’t factored into the official rate. Americans 65 or older had the biggest poverty jump — 15.9 percent, versus 9 percent under the official formula
.'"

0 comments: