Oh boy, I can already see the graphs and other goodies coming out way by the Obamacrats to refute this story.
Sadly, the cold, hard truth is that the U.S. economy has been collapsing for a very long time. According to CBS News, the number of “ultrapoor” Americans that live on less than 2 dollars a day has doubled since 1996…
By one dismal measure, America is joining the likes of Third World countries.
The number of U.S. residents who are struggling to survive on just $2 a day has more than doubled since 1996, placing 1.5 million households and 3 million children in this desperate economic situation. That’s according to “$2.00 a Day: Living on Almost Nothing in America,” a book from publisher Houghton Mifflin Harcourt that will be released on Sept. 1.
The measure of poverty isn’t arbitrary — it’s the threshold the World Bank uses to measure global poverty in the developed world. While it may be the norm to see families in developing countries such as Bangladesh and Ethiopia struggle to survive on such meager income, the growing ranks of America’s ultrapoor may be shocking, given that the U.S. is considered one of the most developed capitalist countries in the world.
How can that be possible if we are close to “full employment”?
Read the full article @ If You Want To Know The Truth About The Unemployment Rate Read This Article
Sadly, the cold, hard truth is that the U.S. economy has been collapsing for a very long time. According to CBS News, the number of “ultrapoor” Americans that live on less than 2 dollars a day has doubled since 1996…
By one dismal measure, America is joining the likes of Third World countries.
The number of U.S. residents who are struggling to survive on just $2 a day has more than doubled since 1996, placing 1.5 million households and 3 million children in this desperate economic situation. That’s according to “$2.00 a Day: Living on Almost Nothing in America,” a book from publisher Houghton Mifflin Harcourt that will be released on Sept. 1.
The measure of poverty isn’t arbitrary — it’s the threshold the World Bank uses to measure global poverty in the developed world. While it may be the norm to see families in developing countries such as Bangladesh and Ethiopia struggle to survive on such meager income, the growing ranks of America’s ultrapoor may be shocking, given that the U.S. is considered one of the most developed capitalist countries in the world.
How can that be possible if we are close to “full employment”?
Read the full article @ If You Want To Know The Truth About The Unemployment Rate Read This Article
