Child poverty in US approaches 25%: The government considers a family of four to be impoverished if they take in less than $22,000 a year. Based on that standard, and government projections of unemployment, it is estimated the poverty rate for kids in the U.S. will soon hit 25 percent, the report said. Those children would be the largest American generation to be raised in hard times since the Great Depression.
Maybe it’s because of lazy parents who need to just work harder like this Schwarzman guy . . .
Sermon Text: One Wall Streeter “earned” $3.9 billion last week, about what the average US worker will earn in 975 years. Jesus may love the little children, but he tends to favor some over others. (Source)
Schwarzman’s 23% stake in Blackstone fully vested this month. . . Schwarzman’s stake is now worth roughly $3.9 billion. (Source)
. . . median pay for top executives at 200 big companies last year was $10.8 million. That works out to a 23 percent gain from 2009. (Source: NY Times)
Obscene wealth gathered, crushing poverty and austerity for the rest of us.
No connection, right?
Record one in six Americans now on food stamps as depression escalates. According to just-released participation numbers for the US Department of Agriculture (USDA) agency’s Supplemental Nutrition Assistance Program (SNAP), known more commonly as “food stamps,” nearly one in six Americans now participates in the program, which represents a new record high. According to the numbers, a record 44.647 million people are now enrolled in SNAP, up from 44.587 million in May. Meanwhile, the average monthly benefit payment per household has dropped, and is now at a post-April 2009 revision low of $282.38 a month. (Source)
Meanwhile . . . kindly judges are doing their part to help feed hungry “child poverty” kids by accepting bribes and kickbacks for sending them to “for-profit” prisons.
In Scranton, Pennsylvania, two judges pleaded guilty to operating a kickback scheme involving juvenile offenders. The judges, Mark Ciavarella Jr. and Michael Conahan, took more than $2.6 million in kickbacks from a private prison company to send teenagers to two privately run youth detention centers. Since 2003, Ciaverella had sentenced an estimated 5,000 juveniles. Conahan was accused of setting up the contracts. Many of the youngsters shipped off to the detention centers were first-time offenders. (Source)
“Plenty of room in the workhouse,” said Scrooge [when asked about the “hungry children” problem].
There are fewer payroll jobs in the United States today than there were back in 2000 even though we have added 30 million people to the population since then.
- The New Class War: Child poverty in U.S. nears 25 percent (dailykos.com)
- Poverty and Hunger in the USA (iflizwerequeen.com)
- Of The 1%, By The 1%, For The 1% (Vanity Fair)