Since the inauguration of President Obama, the U.S. economy has shown few signs of climbing out of the nosedive that has been called the worst since the Great Depression. In actuality, despite huge amounts of spending by the Obama administration including close to $1 trillion dollars in a stimulus program and ballooning budget deficits, unemployment has risen to an official number of 9.6%, although the unofficial numbers places it closer to 20%.
2009 Census Data To Be Released Thursday Expected To Show That 1 in 7 Americans Are Considered Poor, Jumping A Record Amount
This estimate by the Associated Press is based on an analysis done by
interviewing six separate census-tracking demographers. The poverty
level in 2008 as set by the federal government was $22,025 for a family
of four.
What the report found is that a projected 45 million Americans, or 15%
of the population, are living below the poverty line compared to 13.2%
in 2008. This jump of 1.8% represents the largest year over year
increase since these records began to be tracked in 1959.
With the greatest increase since 1965, 12.4% of working age Americans,
or those between 18 and 64 years old, were poor in 2009, compared with
11.7% in 2008.
On Friday, President… >>>
