Childhood Poverty Rates Reach Rates Not Seen in 30 Years
Childhood poverty levels in the United States are expected to reach levels they have not seen in almost 30 years.
Approximately 21% of children (15.6 million) are living in poverty this year according to Census Bureau information recently released.
Of those children, roughly 50% will be living in “extreme poverty” defined as 50% below the poverty line for income.
Since Obama took office in January 2009, the poverty rate jumped from 12.5% at the end of 2008 to 15.1% as of August, 2010. That is the largest increase in almost 30 years under a single President.
The government defines poverty as a family of four with an annual income of less than $22,025.
The poverty rate for whites rose to 8.6 percent, up from 8.2 percent. For Hispanics, the rate rose to 23.2 percent from 21.5 percent and for Blacks the rate remained unchanged at …. 24.7 percent.
What’s driving poverty rates sky high? Eight million jobs lost since the Great Recession started in 2007 under the Democrat Controlled Congress and their anti-business, high-tax policies.
Surely the only legitimate conclusion we can draw from these important statistics is that Obama’s economic plan is working! More people are becoming dependent on the Government for their daily sustinence, which translates into more Democrat party voters!
Yes folks, the “transformation” into Obama’s vision for America is well under way. Obama has forced more American’s into poverty in his first two years in office than any other President in U.S. history through his anti-business, trickle-down poverty policies.
How’s that “hope and change” working out for you?Blogger Labels: Democrats,Economic Policies,Poverty Rates,Obama,Economic Policy,Plan,Rates,Reach,children,Census,Bureau,income,office,January,August,President,government,Hispanics,Blacks,Great,Recession,Democrat,conclusion,statistics,voters,folks,transformation,vision,America,American,history,policies,million