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In Biden's war on poverty, poverty - especially for kids - is winning
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useapen
Sep 15, 2023, 10:43:38 PM9/15/23
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What a cruel irony: The president whose policy obsession from Day 1 in the
Oval Office has been not to grow the economy but to reduce income
inequality has presided over a near-record surge in the percentage of
Americans in poverty.
That’s the finding of the Census Bureau’s annual data report released this
week.
In just a year, from 2021 to 2022, poverty in America rose by almost 5
percentage points, from 7.8% to 12.4%.
Today nearly 40 million Americans live in poverty.
Worse is the more than doubling of the child poverty rate, from 5.2% to
the same 12.4%.
So much for no child left behind.
Wait. Isn’t this supposed to be a recovery?
The COVID pandemic ended more than a year ago, and the government flooded
the zone with some $6 trillion in “stimulus” and “recovery” money.
The COVID pandemic ended more than a year ago, and the government flooded
the zone with some $6 trillion in “stimulus” and “recovery” money.
Where did all that cash go? Where’s the comeback?
Even with Biden spending $1.1 trillion on welfare programs, the percentage
of Americans who are very poor surges.
That’s not all. Inflation-adjusted middle-class incomes also have now
officially fallen by nearly $2,000 since Biden came into office.
Lunch Bucket Joe isn’t doing much to help the working-class Americans
either.
Wasn’t it just a few weeks ago that Biden was trumpeting the success of
Bidenomics?
To quote the late, great Emily Litella, who also got confused in front of
the TV cameras: “Well. Never mind.”
What’s all the more disheartening about these grim numbers documenting an
economy that isn’t working for at least half of Americans is that under
Donald Trump’s presidency, we saw the opposite trends.
Median household incomes under Trump didn’t decline by $2,000 — they rose
by $6,000.
As the chart shows, poverty didn’t increase under Trump’s presidency.
Just the opposite: The overall poverty rate fell to match its lowest level
ever officially recorded (since 1959), and blacks and Hispanics saw their
lowest poverty rates ever as well.
The left blames the rise in poverty in 2022 on the expiration of a $5,000-
per-child welfare payment the federal government had been sending to
families during COVID.
But Biden wanted to extend the program and suspend any work requirements
to get the free money.
It’s hard to see how you can move families out of poverty and into
economic self-reliance when no one in the household is working.
And if $1.1 trillion of income support isn’t keeping people out of
poverty, maybe we better blow up these 50 separate programs and figure out
how to spend the money more wisely.
The real economic brake-rail has been the surge of inflation.
Last year consumer prices rose by the highest level in 35 years — 7.8%.
Those higher prices plunged millions of Americans into poverty as their
paychecks couldn’t catch up.
To be fair, these are the official 2022 numbers, and so far 2023 has seen
an improvement in higher wages and lower inflation. But for how long?
The just-released gauge of inflation for August saw a major one-month rise
in prices thanks to higher energy costs.
But none of this has prevented Biden from pronouncing: “Guess what?
Bidenomics is working.”
But where? And for whom, exactly?
Not for the middle class. Not for the very poor. Not for single mothers.
Not for kids.
But maybe for Democratic donors.
Stephen Moore is a senior fellow at the Heritage Foundation and an
economist at FreedomWorks.
https://nypost.com/2023/09/13/in-bidens-war-on-poverty-poverty-especially-
for-kids-is-winning/
Oval Office has been not to grow the economy but to reduce income
inequality has presided over a near-record surge in the percentage of
Americans in poverty.
That’s the finding of the Census Bureau’s annual data report released this
week.
In just a year, from 2021 to 2022, poverty in America rose by almost 5
percentage points, from 7.8% to 12.4%.
Today nearly 40 million Americans live in poverty.
Worse is the more than doubling of the child poverty rate, from 5.2% to
the same 12.4%.
So much for no child left behind.
Wait. Isn’t this supposed to be a recovery?
The COVID pandemic ended more than a year ago, and the government flooded
the zone with some $6 trillion in “stimulus” and “recovery” money.
The COVID pandemic ended more than a year ago, and the government flooded
the zone with some $6 trillion in “stimulus” and “recovery” money.
Where did all that cash go? Where’s the comeback?
Even with Biden spending $1.1 trillion on welfare programs, the percentage
of Americans who are very poor surges.
That’s not all. Inflation-adjusted middle-class incomes also have now
officially fallen by nearly $2,000 since Biden came into office.
Lunch Bucket Joe isn’t doing much to help the working-class Americans
either.
Wasn’t it just a few weeks ago that Biden was trumpeting the success of
Bidenomics?
To quote the late, great Emily Litella, who also got confused in front of
the TV cameras: “Well. Never mind.”
What’s all the more disheartening about these grim numbers documenting an
economy that isn’t working for at least half of Americans is that under
Donald Trump’s presidency, we saw the opposite trends.
Median household incomes under Trump didn’t decline by $2,000 — they rose
by $6,000.
As the chart shows, poverty didn’t increase under Trump’s presidency.
Just the opposite: The overall poverty rate fell to match its lowest level
ever officially recorded (since 1959), and blacks and Hispanics saw their
lowest poverty rates ever as well.
The left blames the rise in poverty in 2022 on the expiration of a $5,000-
per-child welfare payment the federal government had been sending to
families during COVID.
But Biden wanted to extend the program and suspend any work requirements
to get the free money.
It’s hard to see how you can move families out of poverty and into
economic self-reliance when no one in the household is working.
And if $1.1 trillion of income support isn’t keeping people out of
poverty, maybe we better blow up these 50 separate programs and figure out
how to spend the money more wisely.
The real economic brake-rail has been the surge of inflation.
Last year consumer prices rose by the highest level in 35 years — 7.8%.
Those higher prices plunged millions of Americans into poverty as their
paychecks couldn’t catch up.
To be fair, these are the official 2022 numbers, and so far 2023 has seen
an improvement in higher wages and lower inflation. But for how long?
The just-released gauge of inflation for August saw a major one-month rise
in prices thanks to higher energy costs.
But none of this has prevented Biden from pronouncing: “Guess what?
Bidenomics is working.”
But where? And for whom, exactly?
Not for the middle class. Not for the very poor. Not for single mothers.
Not for kids.
But maybe for Democratic donors.
Stephen Moore is a senior fellow at the Heritage Foundation and an
economist at FreedomWorks.
https://nypost.com/2023/09/13/in-bidens-war-on-poverty-poverty-especially-
for-kids-is-winning/
Scout
Sep 19, 2023, 8:12:09 AM9/19/23
to
"useapen" <your...@outlook.com> wrote in message
news:XnsB080C8...@135.181.20.170...
> What a cruel irony: The president whose policy obsession from Day 1 in the
> Oval Office has been not to grow the economy but to reduce income
> inequality has presided over a near-record surge in the percentage of
> Americans in poverty.
Exactly.. Income equality.. it's far easier to push people down into poverty
> Oval Office has been not to grow the economy but to reduce income
> inequality has presided over a near-record surge in the percentage of
> Americans in poverty.
than to raise them up into wealth.
You asked for income equality.. what's what you have when more and more
people are poor.
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