Archive for category Poverty
Maxwell Strachan, HuffPo:
Congress effectively pulled money out of the hands of 47 million struggling Americans last month when it allowed massive cuts to the country’s food stamp program to go through without a hitch.
This was a callous decision. If you’re struggling to remember why, look no further than this chart from a new report by the Brookings Institution-affiliated Hamilton Project:
William Galston, Wall Street Journal:
The food-stamp program’s costs have soared since 2000, and especially since 2007. Here’s why.
First, there are many more poor people than there were at the end of the Clinton administration. Since 2000, the number of individuals in poverty has risen to 46.5 million from 31.6 million—to 15% of the total population from 11.3%. During the same period, the number of households with annual incomes under $25,000 rose to 30.2 million (24.7% of total households) from 21.9 million (21.2%).
Critics complain that beneficiaries and costs have continued to rise, even though the Great Recession officially ended in 2009. They’re right, but the number of poor people and low-income households has continued to rise as well.
According to the Census Bureau, there are 2.9 million more poor individuals today than in 2009, and three million more households with incomes under $25,000. The economic recovery, such as it is, has not yet reached low-income Americans.
A couple key passages:
The US elites, similarly, took the smooth functioning of the political-economic system for granted. The only problem, as they saw it, was that they weren’t being adequately compensated for their efforts. Feelings of dissatisfaction ran high during the Bear Market of 1973—82, when capital returns took a particular beating. The high inflation of that decade ate into inherited wealth. A fortune of $2 billion in 1982 was a third smaller, when expressed in inflation-adjusted dollars, than $1 billion in 1962, and only a sixth of $1 billion in 1912. All these factors contributed to the reversal of the late 1970s.
Three years ago I published a short article in the science journal Nature. I pointed out that several leading indicators of political instability look set to peak around 2020. In other words, we are rapidly approaching a historical cusp, at which the US will be particularly vulnerable to violent upheaval. This prediction is not a ‘prophecy’. I don’t believe that disaster is pre-ordained, no matter what we do. On the contrary, if we understand the causes, we have a chance to prevent it from happening. But the first thing we will have to do is reverse the trend of ever-growing inequality.
And finally this one:
How does growing economic inequality lead to political instability? Partly this correlation reflects a direct, causal connection. High inequality is corrosive of social cooperation and willingness to compromise, and waning cooperation means more discord and political infighting. Perhaps more important, economic inequality is also a symptom of deeper social changes, which have gone largely unnoticed.
Using Census data, the Washington Post calculates that the American middle class shrank by 676,199 households between 2009 and 2012, while the number of low- and upper-income households grew.
h/t Alan Pyke, Think Progress.
Via TPM (emphasis added):
The Medicaid expansion field is tentatively set for 2014, and the nation is split down the middle: 25 states (plus D.C.) are expanding, and 25 states are not, according to the Kaiser Family Foundation.
… according to the foundation, 4.8 million Americans won’t be covered as the law intended in those non-expanding states. They don’t qualify for Medicaid now, but would have under the expansion, and they don’t make enough money to qualify for financial help to buy private coverage.
States with either a Republican governor or a GOP-controlled chamber in the legislature (or both) are opting out. In Utah, 57,850 people will not get health coverage due to the lack of Medicaid expansion. In Texas, the number will be 1,046,430.
Let’s face it! We all agree with John McCain sometimes and he certainly gets a lot of face-time. When he comes out against ‘human cockfighting’, I’m for it.
An article I’m about to link to has this paragraph:
Prominent critics of [mixed martial arts] for adults including Senator John McCain, who called it ‘human cockfighting’ and in 2008 wrote a letter to the governors of every state asking them to ban it.
I’m interested in the word “adults” in the above paragraph, because I want to know if McCain was talking about human cage fighting for adults or something much, much worse.
I’ve never been a parent, but I imagine you have to walk a fine line between teaching your children to be kind to others or take a strong stance when threatened.
If you are weak of heart, don’t go here.
If this is the only future America can come up with, we need a LOT more bread and a LOT less circus!
Starting today SNAP, or food stamp benefits, will be reduced by 5 percent. SNAP used to max out at $668 a month for a family of four. Now, the maximum amount will drop to $632, or a cut of $432 a year.
Thanks to the Great Recession and a commitment to austerity by the government in the wake of the recession, an additional 21 million people were added to SNAP since 2008. Today, more than 1 in 4 U.S. children live in a home that gets food stamps.
Another group with lots of members in SNAP: Veterans. U.S. Census Bureau data show that, in 2011, some 900,000 former U.S. military personnel lived in households that used food stamps.
Economists have found that every dollar of SNAP spending generates roughly $1.70 in local economic activity. The USDA has calculated that food stamps generate an even bigger bang for the buck. So pinching food stamp recipients will ripple into the broader U.S. economy.
Food bank operators are bracing for more people lining up at local pantries while Congress debates additional cuts to the supplemental nutrition program that helps 1 in 7 Americans, including 22 million children. Utah alone is already losing $26 million in SNAP funding this fiscal year.
When we go shopping at Costco we always pick up some additional food to donate to the Utah Food Bank, which provides food to a statewide network of 134 emergency food pantries. Also we send them an annual cash contribution. Washington politicians are always ready with handouts for the rich and the corporations, but not for ordinary American people who work for a living. It’s going to be up to us to bail out the food banks!
Today is the anniversary of NOT raising the minimum wage. Again. Four years ago, the federal minimum wage topped out at $7.25 an hour as a result of a law signed by President George W. Bush. A full-time worker earning the minimum wage now pulls in a salary of about $15,000 per year, far below a living wage. If Congress doesn’t send President Obama legislation to sign by the end of his second term, he will be the first president since Ronald Reagan who didn’t raise the minimum wage at all.