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Honored Social Butterfly

Half Of All Americans Are In or Near Poverty

 

Yes, Half of Americans Are In or Near Poverty: Here's More Evidence

Too many Americans have been cheated out of opportunities to share in our nation's prosperity. The proof is overwhelming.

A family with bags from a service that provides for people in need in Oswego, N.Y. in 2012. (Photo: Spencer Platt/Getty Images)

 

"Fact checker" Ballotpedia said that presidential candidate Jill Stein's claim that "one in two Americans remain in or near poverty" was "untrue according to most conventional measures and definitions of near poverty." But a responsible fact-checker should know that an issue of this magnitude demands more than a cursory look at "conventional measures" of poverty. 

Furthermore, Ballotpedia may have been engaging in fake-factchecking. The service is run by the Lucy Burns Institute, a right-wing Koch-funded organization that has every incentive to avoid popular resistance by convincing Americans that they're not really poor. 

The Definitions of Poverty are Way out of Date 

The poverty threshold is still based on a formula from the 1960s, when food expenses were a much greater part of the family budget. It hasn't kept up with other major expenses. Since 1980, food costs have gone up by 100%, housing 250%, health care 500%, and college tuition 1,000%. 

The Congressional Research Service (CRS) says, "If the same basic methodology developed in the early 1960s was applied today, the poverty thresholds would be over three times higher than the current thresholds." Three times higher! 

The median household income in the U.S. in 2016 was $59,039. The Economic Policy Institute's 2015 Family Budget Calculator determined that the median budget for a two-parent, two-child family is $63,741. As CRS concluded, that's about three times higher than the current poverty threshold. 

In 2014, according to Bureau of Labor Statistics data, median household expenses were $36,800, against income of about $54,000. But that includes very little for wealth-building investments, such as short- and long-term savings, college education, and life insurance. After accounting for annual outlays for these essential and/or typical family expenses, the median household in the lower third was $2,300 in debt. For the middle third of households, which reaches well into the "middle class," only $6,000 remained for wealth-building and other discretionary expenses. That $6,000 dissipates quickly. Says Pew Research: "Because income is measured before taxes, some families will have had even less slack in their budgets than this figure implies." 

Expenses Beyond the Essentials: Getting Higher & Higher 

In the past 20 years median household expenses increased by 25 to 30 percent, while wages have stagnated. As a result, 3 out of 5 Americans spend more than they earn, not on frivolous extras, but on essential needs

Housing, in particular, is crushing Americans. Nearly HALF of renters are cost-burdened, paying 30 or more of their income to their landlords. Renters in the poorest third of American households spend nearly HALF OF THEIR INCOME on housing. 

Child care is another essential but overwhelming cost. The median American household in most states would have to spend over 10 percent of its income just to send a 4-year-old to full-time preschool. Children bear the brunt of a breakdown in society. The Center for Children in Poverty confirms that nearly half of our nation's children live "dangerously" close to the poverty line. 

Numerous other expenses are conveniently overlooked by the poverty skeptics: taxes; medical emergencies; car repairs; plumbing problems; appliance breakdowns; phone costs; work expenses, especially for members of the gig economy. As economist Constantin Gurdgiev puts it: "Quite frankly, it is idiotic to assume that gross median income matters to anyone. What matters is after-tax income net of the cost of necessities required to earn that income."

Americans Are Working Hard...Just to Survive 

People are working more hours for decreasing wages and benefits. A Princeton study concluded that a stunning 94 percent of the nine million new jobs created in the past decade were temporary or contract-based, rather than traditional full-time positions. 

It's estimated that over three-quarters of Americans are living paycheck to paycheck, and about half of this group has reported "material hardship" (running out of food [or worrying about running out of food], not being able to afford a place to live or medical treatment, or having utilities turned off). Worse yet, most people who survive paycheck to paycheck are ill-prepared for the future. Only a third of workers are putting money into a 401(k). The median working-age couple has saved only $5,000 for retirement, and almost 70 percent of Americans have less than $1,000 saved.

The American Dream, Fading Away for Half of America 

We still have our houses and cars, right? Maybe not. The poorest 50% of American adults had an average net worth (home and financial assets minus debt) of just $7,500 in 2016. A year earlier it was $9,000, but the richest 1% took it away, gaining an average of $1.5 million in that single year. 

A revolution has to come. A peaceful revolution, ideally, toward a Guaranteed Income for everyone, paid for by a financial transaction tax and the removal of outlandish tax subsidies for the wealthy. Too many Americans have been cheated out of opportunities to share in our nation's prosperity. Too many remain in poverty, or have fallen into poverty, or are beginning to experience its frightening symptoms.

 

https://www.commondreams.org/views/2017/10/16/yes-half-americans-are-or-near-poverty-heres-more-evid...


Man learns from history that man learns nothing from history.
Honored Social Butterfly

Add to that, that people are losing health insurance as Trump and Republicans chip away at Obamacare. 

The uninsured rate had been declining for a decade....now it's going back up. Curious, isn't it, since the economy is "booming."

A5703B0A-33E7-41A3-AB3A-3409227B020A.jpeg

 

FAC148B8-059A-409B-B588-4012E4B9A52A.jpeg

 

 

 

5.5% of kids have no health insurance.

 

"Some of the variation in the increase in uninsured rates was geographic — children in the south had the highest uninsured rates and the greatest increase, rising from 6.5% to 7.7%. Kids in states that have not expanded Medicaid eligibility grew from 7% to 7.9% while in states that did expand, the rate grew from 3.7% to 3.9%. Other variations had to do with immigration status and race.

"The data released today by the Census Bureau confirmed our worst fears," says Alker. "We know from a lot of research that children who have Medicaid as opposed to those who are uninsured are more likely to succeed in school and more likely to graduate from college. They also have better health as adults and higher earnings, which means they're less likely to rely on government assistance as adults."

 

https://www.npr.org/sections/health-shots/2019/09/10/759522995/fewer-children-had-health-insurance-i...

 

 

 

Honored Social Butterfly

ManicProgressive poted..


Re: Half Of All Americans Are In or Near Poverty



Add to that, that people are losing health insurance as Trump and Republicans chip away at Obamacare.


=================================================l

I believe that Obamacare is still available but it sure is not AHC that Obama sold it as.

Then there are many that go without to save money on premiums, as there will always be. Even if we get health care for all there will be some that will not bother to sign up for it.
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@KidBoy2 wrote:
ManicProgressive poted..


Re: Half Of All Americans Are In or Near Poverty



Add to that, that people are losing health insurance as Trump and Republicans chip away at Obamacare.


=================================================l

I believe that Obamacare is still available but it sure is not AHC that Obama sold it as.

Then there are many that go without to save money on premiums, as there will always be. Even if we get health care for all there will be some that will not bother to sign up for it.

Obamacare being available has nothing to do with half of our country living in or close to poverty. Care to comment on the actual topic?  Care to comment how under tRump's watch the number of homeless has increased? How under tRump the middle class has gotten smaller? How wages for most workers have not kept up with the cost of housing and food? How 1 in 6 families don't know where meals for their children will come from tomorrow? 


Man learns from history that man learns nothing from history.
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@KidBoy2 wrote:
ManicProgressive poted..


Re: Half Of All Americans Are In or Near Poverty



Add to that, that people are losing health insurance as Trump and Republicans chip away at Obamacare.


=================================================l

I believe that Obamacare is still available but it sure is not AHC that Obama sold it as.

Then there are many that go without to save money on premiums, as there will always be. Even if we get health care for all there will be some that will not bother to sign up for it.

We have health care for all right now. Just go to the ER and you will be treated whether you can pay or not.

Honored Social Butterfly


@KidBoy2 wrote:
ManicProgressive poted..


Re: Half Of All Americans Are In or Near Poverty



Add to that, that people are losing health insurance as Trump and Republicans chip away at Obamacare.


=================================================l

I believe that Obamacare is still available but it sure is not AHC that Obama sold it as.

Then there are many that go without to save money on premiums, as there will always be. Even if we get health care for all there will be some that will not bother to sign up for it.

Educate yourself on Medicare For All. Everyone would be covered with no "sign up" required.


Man learns from history that man learns nothing from history.
Honored Social Butterfly

Actually, the ACA has been fairly resilient, considering how trump repubs and the courts have been try to shred it. 
And it has given more coverage to people. 
Maybe repubs have been trying to defeat it because of trump's great, great healthcare plan...oh, @KidBoy2 how is that plan coming along, and where is it?

Still a figment of trump's imagination, in reality no plan, or just another promise not kept!

Honored Social Butterfly


@ChasKy53 wrote:
 

Yes, Half of Americans Are In or Near Poverty: Here's More Evidence

Too many Americans have been cheated out of opportunities to share in our nation's prosperity. The proof is overwhelming.

A family with bags from a service that provides for people in need in Oswego, N.Y. in 2012. (Photo: Spencer Platt/Getty Images)

 

"Fact checker" Ballotpedia said that presidential candidate Jill Stein's claim that "one in two Americans remain in or near poverty" was "untrue according to most conventional measures and definitions of near poverty." But a responsible fact-checker should know that an issue of this magnitude demands more than a cursory look at "conventional measures" of poverty. 

Furthermore, Ballotpedia may have been engaging in fake-factchecking. The service is run by the Lucy Burns Institute, a right-wing Koch-funded organization that has every incentive to avoid popular resistance by convincing Americans that they're not really poor. 

The Definitions of Poverty are Way out of Date 

The poverty threshold is still based on a formula from the 1960s, when food expenses were a much greater part of the family budget. It hasn't kept up with other major expenses. Since 1980, food costs have gone up by 100%, housing 250%, health care 500%, and college tuition 1,000%. 

The Congressional Research Service (CRS) says, "If the same basic methodology developed in the early 1960s was applied today, the poverty thresholds would be over three times higher than the current thresholds." Three times higher! 

The median household income in the U.S. in 2016 was $59,039. The Economic Policy Institute's 2015 Family Budget Calculator determined that the median budget for a two-parent, two-child family is $63,741. As CRS concluded, that's about three times higher than the current poverty threshold. 

In 2014, according to Bureau of Labor Statistics data, median household expenses were $36,800, against income of about $54,000. But that includes very little for wealth-building investments, such as short- and long-term savings, college education, and life insurance. After accounting for annual outlays for these essential and/or typical family expenses, the median household in the lower third was $2,300 in debt. For the middle third of households, which reaches well into the "middle class," only $6,000 remained for wealth-building and other discretionary expenses. That $6,000 dissipates quickly. Says Pew Research: "Because income is measured before taxes, some families will have had even less slack in their budgets than this figure implies." 

Expenses Beyond the Essentials: Getting Higher & Higher 

In the past 20 years median household expenses increased by 25 to 30 percent, while wages have stagnated. As a result, 3 out of 5 Americans spend more than they earn, not on frivolous extras, but on essential needs

Housing, in particular, is crushing Americans. Nearly HALF of renters are cost-burdened, paying 30 or more of their income to their landlords. Renters in the poorest third of American households spend nearly HALF OF THEIR INCOME on housing. 

Child care is another essential but overwhelming cost. The median American household in most states would have to spend over 10 percent of its income just to send a 4-year-old to full-time preschool. Children bear the brunt of a breakdown in society. The Center for Children in Poverty confirms that nearly half of our nation's children live "dangerously" close to the poverty line. 

Numerous other expenses are conveniently overlooked by the poverty skeptics: taxes; medical emergencies; car repairs; plumbing problems; appliance breakdowns; phone costs; work expenses, especially for members of the gig economy. As economist Constantin Gurdgiev puts it: "Quite frankly, it is idiotic to assume that gross median income matters to anyone. What matters is after-tax income net of the cost of necessities required to earn that income."

Americans Are Working Hard...Just to Survive 

People are working more hours for decreasing wages and benefits. A Princeton study concluded that a stunning 94 percent of the nine million new jobs created in the past decade were temporary or contract-based, rather than traditional full-time positions. 

It's estimated that over three-quarters of Americans are living paycheck to paycheck, and about half of this group has reported "material hardship" (running out of food [or worrying about running out of food], not being able to afford a place to live or medical treatment, or having utilities turned off). Worse yet, most people who survive paycheck to paycheck are ill-prepared for the future. Only a third of workers are putting money into a 401(k). The median working-age couple has saved only $5,000 for retirement, and almost 70 percent of Americans have less than $1,000 saved.

The American Dream, Fading Away for Half of America 

We still have our houses and cars, right? Maybe not. The poorest 50% of American adults had an average net worth (home and financial assets minus debt) of just $7,500 in 2016. A year earlier it was $9,000, but the richest 1% took it away, gaining an average of $1.5 million in that single year. 

A revolution has to come. A peaceful revolution, ideally, toward a Guaranteed Income for everyone, paid for by a financial transaction tax and the removal of outlandish tax subsidies for the wealthy. Too many Americans have been cheated out of opportunities to share in our nation's prosperity. Too many remain in poverty, or have fallen into poverty, or are beginning to experience its frightening symptoms.

 

https://www.commondreams.org/views/2017/10/16/yes-half-americans-are-or-near-poverty-heres-more-evid...


Yes, the situation has gotten much worse since the Reagan taxscam removed the only incentive the dividers of profit had to share the wealth their workers produced.

 

Repeal the Reagan and tRump taxscams and we'd have enough for a guarenteed income, BUT we wouldn't need it because the ones dividing the money could not keep it for themselves - they'd just have to send it on to Uncle Sammy's IRS, so they'll do what they did for 40 years BEFORE the Reaganscam - THEY'D GIVE IT TO THE WORKERS!  Workers' income would AGAIN begin to rise faster than the 10%ers and we'd ALL benefit fro mthe wonders of our economy. We'd even have enough to erase the deficit AND rebuild all the infrastructure decades of Republican "beheign neglect" allowed to degrade to 3d World standards.

 

Step 1: Get rid of the elected GOPers who caused the problem in the first place!

Honored Social Butterfly

Yup, this study shows 40% of American workers are low income workers.

 

https://www.brookings.edu/wp-content/uploads/2019/11/201911_Brookings-Metro_Pressrelease_lowwagework...

 

More than half of kids in public schools are elegible for free and reduced meals. 

https://www.nytimes.com/2015/01/17/us/school-poverty-study-southern-education-foundation.html

 

It's a systemic issue rather than one of personal choice. It's a failure of our society most of all. Blaming it on poor choices reinforces the belief that you are superior to others. But it doesn't account for systemic disparities in wealth deprivation, job discrimination, and the lack of things we as older Americans often take for granted -- like access to jobs with pensions, health insurance, and paid leave. Those jobs are few and far between now, and without those, the hardest worker is still very vulnerable to losing any acquired wealth. Most periods of poverty last for fewer than three years.  But they can derail a person's wealth accumulation for a lifetime.

Honored Social Butterfly

ManicProgressive posted..



Yup, this study shows 40% of American workers are low income workers.

==============================================================

That could be true, but with our high standard of living it takes two to get out of what is considered " In or Near Poverty".

We need to, as President Obama said many times ..we need to bring back the family. We have way to many of single parent families.
Honored Social Butterfly


@KidBoy2 wrote:
ManicProgressive posted..



Yup, this study shows 40% of American workers are low income workers.

==============================================================

That could be true, but with our high standard of living it takes two to get out of what is considered " In or Near Poverty".

We need to, as President Obama said many times ..we need to bring back the family. We have way to many of single parent families.

What liberals call low standard of living is luxury living in many counries - latest Apple Cell phone, 70' color TV, fastest internet, electric cars (I personally have none).

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Not posted..

What liberals call low standard of living is luxury living in many countries - latest Apple Cell phone, 70' color TV, fastest internet, electric cars (I personally have none).

==========================================================

So true and I also have none.
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Honored Social Butterfly

Here's how to blame president Trump

1) move the goal post
2) create a problem
3) create new data
4) make a partial list of facts
5) call CNN

Rinse - lather - repeat

Ahhhh.... dems standing together shouting and foaming at the mouth , smells like victory

Libs are nuttier than squirrel poop
Honored Social Butterfly

Here might be an example of Jim's or the RW line of thought pertaining to personal choices. They seem to think that everyone lives near a Whole Foods store, can walk in to pick whatever they want, and walk out with lobster, filet, fine cheese, champagne, and great ice cream..."everyone" has all of the fine things to choose from. But many people may only have an old gas station mini mart to go in to make choices, and may only be able to walk out with a loaf of 

old white bread and a small bottle of water...if they are lucky!

When people live their ivory towers, it's tough to see how the rest of the populace may live...not everyone is born into a well to do family, and have multiple choices in life. 

Honored Social Butterfly

  One of the many deceiving issues is that when one looks at "national data" it does not reflect reality of a real family.    

   Just look at housing;   

    

Record-breaking numbers of families cannot afford a decent place to call home:

  • Nationally, there is a shortage of more than 7 million affordable homes for our nation's 11 million plus extremely low-income families. View The Gap
  • There is no state or county where a renter working full-time at minimum wage can afford a two-bedroom apartment. View the Out of Reach Map
  • Seventy-five percent of all extremely low-income families are severely cost-burdened, paying more than half their income on rent.   This is from  National Low Income Housing Coalition that does portray nation, but the site itself breaks out the data by STATE.  https://nlihc.org/explore-issues/why-we-care/problem

 

   Some here attempt to say that the economy is great - it is unclear if they only care because of their political alliance or that they never want to uncover the reality that the entire idea of nation is bs, at least here in the US when much of the information is unbalanced because of the massive wealth held by a few.   

PRO-LIFE is Affordable Healthcare for ALL .
Honored Social Butterfly

Life in America is full of decisions that come with rewards and consequences.  I wonder who in particular you think cheated these people out of the rewards life has to offer.  

 

Sometimes people do very stupid things that come with consequences that last for a long time.  

 

Here in America we all have the freedom to choose the life we embrace or reject.  

 

And then, there are always people that do the same stupid things over and over thinking that, this time it will be different.  

 

Ya just can't fix stupid...

 

Take life serious enough to take responsibility for your actions, learn from you life experiences and mentor others not to "be a victim of stupidity"...

 

 

 

 

 

 

VIMTSTL
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@jimc91 wrote:

Life in America is full of decisions that come with rewards and consequences.  I wonder who in particular you think cheated these people out of the rewards life has to offer.  

 

Sometimes people do very stupid things that come with consequences that last for a long time.  

 

Here in America we all have the freedom to choose the life we embrace or reject.  

 

And then, there are always people that do the same stupid things over and over thinking that, this time it will be different.  

 

Ya just can't fix stupid...

 

Take life serious enough to take responsibility for your actions, learn from you life experiences and mentor others not to "be a victim of stupidity"...


So 46% of working Americans are earning $10.00 an hour, hover at or just above poverty, and they are "stupid"?  Pot Kettle Black.


Man learns from history that man learns nothing from history.
Honored Social Butterfly


@ChasKy53 wrote:

@jimc91 wrote:

Life in America is full of decisions that come with rewards and consequences.  I wonder who in particular you think cheated these people out of the rewards life has to offer.  

 

Sometimes people do very stupid things that come with consequences that last for a long time.  

 

Here in America we all have the freedom to choose the life we embrace or reject.  

 

And then, there are always people that do the same stupid things over and over thinking that, this time it will be different.  

 

Ya just can't fix stupid...

 

Take life serious enough to take responsibility for your actions, learn from you life experiences and mentor others not to "be a victim of stupidity"...


So 46% of working Americans are earning $10.00 an hour, hover at or just above poverty, and they are "stupid"?  Pot Kettle Black.


Forest Gump said, "Stupid is as stupid does".

 

Take responsibility for yourself and the life you choose or reject.  

 

It ain't easy, that's why they call it life...

 

 

 

 

VIMTSTL
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@jimc91 wrote:

@ChasKy53 wrote:

@jimc91 wrote:

Life in America is full of decisions that come with rewards and consequences.  I wonder who in particular you think cheated these people out of the rewards life has to offer.  

 

Sometimes people do very stupid things that come with consequences that last for a long time.  

 

Here in America we all have the freedom to choose the life we embrace or reject.  

 

And then, there are always people that do the same stupid things over and over thinking that, this time it will be different.  

 

Ya just can't fix stupid...

 

Take life serious enough to take responsibility for your actions, learn from you life experiences and mentor others not to "be a victim of stupidity"...


So 46% of working Americans are earning $10.00 an hour, hover at or just above poverty, and they are "stupid"?  Pot Kettle Black.


Forest Gump said, "Stupid is as stupid does".

 

Take responsibility for yourself and the life you choose or reject.  

 

It ain't easy, that's why they call it life...

 

 

 

 


Income and wealth disparity has increased considerably under tRump's first three years. This has nothing to do with those on the short end of this being stupid or not being responsible. It has to do with tRump Republican polices. McConnell sits on 400 House bills, not even allowing them to go to committee, let alone a vote. The only things they have done is take away health care for millions and give a tax cut to the wealthiest that is costing us over $$$ 1 1/2  Trillion $$$. 

 

The middle class has shrank under tRump, the number of homeless have grown, and now almost half of America is living at or just above poverty, 1 in 6 families are not sure of where tomorrow's meals for their children will come from. You can call that Making America Great Again but I certainly don't.


Man learns from history that man learns nothing from history.
Honored Social Butterfly


@ChasKy53 wrote:

@jimc91 wrote:

@ChasKy53 wrote:

@jimc91 wrote:

Life in America is full of decisions that come with rewards and consequences.  I wonder who in particular you think cheated these people out of the rewards life has to offer.  

 

Sometimes people do very stupid things that come with consequences that last for a long time.  

 

Here in America we all have the freedom to choose the life we embrace or reject.  

 

And then, there are always people that do the same stupid things over and over thinking that, this time it will be different.  

 

Ya just can't fix stupid...

 

Take life serious enough to take responsibility for your actions, learn from you life experiences and mentor others not to "be a victim of stupidity"...


So 46% of working Americans are earning $10.00 an hour, hover at or just above poverty, and they are "stupid"?  Pot Kettle Black.


Forest Gump said, "Stupid is as stupid does".

 

Take responsibility for yourself and the life you choose or reject.  

 

It ain't easy, that's why they call it life...

 

 

 

 


Income and wealth disparity has increased considerably under tRump's first three years. This has nothing to do with those on the short end of this being stupid or not being responsible. It has to do with tRump Republican polices. McConnell sits on 400 House bills, not even allowing them to go to committee, let alone a vote. The only things they have done is take away health care for millions and give a tax cut to the wealthiest that is costing us over $$$ 1 1/2  Trillion $$$. 

 

The middle class has shrank under tRump, the number of homeless have grown, and now almost half of America is living at or just above poverty, 1 in 6 families are not sure of where tomorrow's meals for their children will come from. You can call that Making America Great Again but I certainly don't.


Contrary to what your posting says, by nearly every measure today, we are living in a magnificent time for the American economy. There is a booming stock market fueling trillions of dollars of wealth gains, record low unemployment, 3 percent to 5 percent wage gains, and seven million unfilled jobs. So the recent headline for a CBS report seemed to strain all credulity when it declared, “Two years after Trump tax cuts, middle class Americans are falling behind.” Huh?

 

 

Even more misleading is that CBS based its figures on a Congressional Budget Office estimate of what will happen with incomes over the next two years. The Congressional Budget Office also projected three years ago that gross domestic product might be some $600 billion below what it actually is today.

https://thehill.com/opinion/finance/476959-contrary-to-what-the-media-reports-middle-class-americans...

Honored Social Butterfly


@NOTHAPPENING wrote:

@ChasKy53 wrote:

@jimc91 wrote:

@ChasKy53 wrote:

@jimc91 wrote:

Life in America is full of decisions that come with rewards and consequences.  I wonder who in particular you think cheated these people out of the rewards life has to offer.  

 

Sometimes people do very stupid things that come with consequences that last for a long time.  

 

Here in America we all have the freedom to choose the life we embrace or reject.  

 

And then, there are always people that do the same stupid things over and over thinking that, this time it will be different.  

 

Ya just can't fix stupid...

 

Take life serious enough to take responsibility for your actions, learn from you life experiences and mentor others not to "be a victim of stupidity"...


So 46% of working Americans are earning $10.00 an hour, hover at or just above poverty, and they are "stupid"?  Pot Kettle Black.


Forest Gump said, "Stupid is as stupid does".

 

Take responsibility for yourself and the life you choose or reject.  

 

It ain't easy, that's why they call it life...

 

 

 

 


Income and wealth disparity has increased considerably under tRump's first three years. This has nothing to do with those on the short end of this being stupid or not being responsible. It has to do with tRump Republican polices. McConnell sits on 400 House bills, not even allowing them to go to committee, let alone a vote. The only things they have done is take away health care for millions and give a tax cut to the wealthiest that is costing us over $$$ 1 1/2  Trillion $$$. 

 

The middle class has shrank under tRump, the number of homeless have grown, and now almost half of America is living at or just above poverty, 1 in 6 families are not sure of where tomorrow's meals for their children will come from. You can call that Making America Great Again but I certainly don't.


Contrary to what your posting says, by nearly every measure today, we are living in a magnificent time for the American economy. There is a booming stock market fueling trillions of dollars of wealth gains, record low unemployment, 3 percent to 5 percent wage gains, and seven million unfilled jobs. So the recent headline for a CBS report seemed to strain all credulity when it declared, “Two years after Trump tax cuts, middle class Americans are falling behind.” Huh?

 

 

Even more misleading is that CBS based its figures on a Congressional Budget Office estimate of what will happen with incomes over the next two years. The Congressional Budget Office also projected three years ago that gross domestic product might be some $600 billion below what it actually is today.

https://thehill.com/opinion/finance/476959-contrary-to-what-the-media-reports-middle-class-americans...


Your posted article is an "opinion" AND IT CLEARLY SAYS SO. It doesn't debunk anything in the article I posted and the facts in that article can be verified.

 

The facts are that over 46% of Americans live at or near the poverty level, Income and wealth disparity has reached record proportions, 1 in 6 families do not know where tomorrow's meals will come from, the middle class is shrinking, and the number of homeless has increased.

 

But then tRump supporters have a hard time with facts, they gravitate to right wing opinion pieces.

 


Man learns from history that man learns nothing from history.
Honored Social Butterfly


@ChasKy53 wrote:

@NOTHAPPENING wrote:

@ChasKy53 wrote:

@jimc91 wrote:

@ChasKy53 wrote:

@jimc91 wrote:

Life in America is full of decisions that come with rewards and consequences.  I wonder who in particular you think cheated these people out of the rewards life has to offer.  

 

Sometimes people do very stupid things that come with consequences that last for a long time.  

 

Here in America we all have the freedom to choose the life we embrace or reject.  

 

And then, there are always people that do the same stupid things over and over thinking that, this time it will be different.  

 

Ya just can't fix stupid...

 

Take life serious enough to take responsibility for your actions, learn from you life experiences and mentor others not to "be a victim of stupidity"...


So 46% of working Americans are earning $10.00 an hour, hover at or just above poverty, and they are "stupid"?  Pot Kettle Black.


Forest Gump said, "Stupid is as stupid does".

 

Take responsibility for yourself and the life you choose or reject.  

 

It ain't easy, that's why they call it life...

 

 

 

 


Income and wealth disparity has increased considerably under tRump's first three years. This has nothing to do with those on the short end of this being stupid or not being responsible. It has to do with tRump Republican polices. McConnell sits on 400 House bills, not even allowing them to go to committee, let alone a vote. The only things they have done is take away health care for millions and give a tax cut to the wealthiest that is costing us over $$$ 1 1/2  Trillion $$$. 

 

The middle class has shrank under tRump, the number of homeless have grown, and now almost half of America is living at or just above poverty, 1 in 6 families are not sure of where tomorrow's meals for their children will come from. You can call that Making America Great Again but I certainly don't.


Contrary to what your posting says, by nearly every measure today, we are living in a magnificent time for the American economy. There is a booming stock market fueling trillions of dollars of wealth gains, record low unemployment, 3 percent to 5 percent wage gains, and seven million unfilled jobs. So the recent headline for a CBS report seemed to strain all credulity when it declared, “Two years after Trump tax cuts, middle class Americans are falling behind.” Huh?

 

 

Even more misleading is that CBS based its figures on a Congressional Budget Office estimate of what will happen with incomes over the next two years. The Congressional Budget Office also projected three years ago that gross domestic product might be some $600 billion below what it actually is today.

https://thehill.com/opinion/finance/476959-contrary-to-what-the-media-reports-middle-class-americans...


Your posted article is an "opinion" AND IT CLEARLY SAYS SO. It doesn't debunk anything in the article I posted and the facts in that article can be verified.

 

The facts are that over 46% of Americans live at or near the poverty level, Income and wealth disparity has reached record proportions, 1 in 6 families do not know where tomorrow's meals will come from, the middle class is shrinking, and the number of homeless has increased.

 

But then tRump supporters have a hard time with facts, they gravitate to right wing opinion pieces.

 


Libs like to move the poverty line up quite a bit so that more fall below it.  Also in your mind, opinion is what Conservatives say and fact is what liberals say.  Believe what you want and forget those millions who are doing better under Trump than Obama.

 

BTW- I don't know ANYONE who's doing worse under Trump, do you?

Honored Social Butterfly


@NOTHAPPENING wrote:

 

BTW- I don't know ANYONE who's doing worse under Trump, do you?


You don't know facts or you simply ignore them. Poverty has increased under trump, so has income and wealth disparity, so has the debt, so has the number of homeless. Oh, and so has the amount of debt that the average individual American has.  1 in 6 doesn't know where tomorrows meals are coming from. All of this is hardly making America great. Facts are confusing to some tRump supporters.


Man learns from history that man learns nothing from history.
Honored Social Butterfly

Paul Buchheit is an advocate for social and economic justice, and the author of numerous papers on economic inequality and cognitive science. He was recently named one of 300 Living Peace and Justice Leaders and Models.


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Honored Social Butterfly


@KidBoy2 wrote:
Paul Buchheit is an advocate for social and economic justice, and the author of numerous papers on economic inequality and cognitive science. He was recently named one of 300 Living Peace and Justice Leaders and Models.


you're right KidBoy, he is much more accomplished in life than most anyone in this discussion group. Thanks for pointing that out.


Man learns from history that man learns nothing from history.
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