America’s War on the Poor
The poorest of the poor in the United States aren’t just the least wealthy people in this country; they are also some of the
poorest people in the entire world. Even though the United States is one of the richest countries in the world, the bottom 1% of our citizens make about the same amount of money as the poor in Haiti, Mozambique and Ethiopia. The difference is that in poorer counties, people can often live on this amount of money. The poorest citizens of the United States don’t just face the social stigma of having to be below Western standards of living — they also can’t afford to feed their families.
If you think the divide between the rich and the poor is growing, you’re right. The incomes of the neediest Americans have risen only minimally during the past two decades. The same amount of people that lived on $15,000 a year or less in 1989 live on that salary today. However, the number of people that make over $200,000 a year has risen by over 60 percent.
The Failure of the Trickle-Down Effect
One of the reasons wages for the poor have only risen marginally in the past several years is our failure to accommodate those in poverty when coming out of a recession. In the 1980s, Ronald Reagan and similarly-minded politicians spoke of the so-called “trickle-down effect.” What they meant by this was that if you simply took care of the rich, their wealth would trickle down to the lower classes. However, the increasing divide between our rich and poor is proof that this hasn’t worked.
Your messiah had 8 years to address this problem what happened?
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Unfortunately, our President has little control over the distribution of wealth
He did manage to repeal the Bush tax cuts for the wealthy, raise minimum wage in federal contracts and expand Medicaid
Attempts to increase minimum wage nationwide and eliminate some incentives directed at the wealthy were of course blocked by Republicans
I love it when Republicans do everything in their power to enrich the wealthy and then mock Obama about distribution of wealth
It's the tax cuts. Every time taxes are cut the number of millionaires increases and the government borrows money from foreign banks to cover their spending. I might be a little slow but I'm not stupid!!
..............................................Total U S Debt................................................
Figures Easily Verified....Taken From the Bureau of the Debt
US: $18,775,084,981,440 - Debt as of December 2015?
09/30/2014 $17,824,071,380,733.82
09/30/2013 $16,738,183,526,697.32
09/30/2012 $16,066,241,407,385.89
09/30/2011 $14,790,340,328,557.15
09/30/2010 $13,561,623,030,891.79
09/30/2009 $11,909,829,003,511.75
(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)
09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accommodate Tens of Trillions)
09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32
09/30/2003 $6,783,231,062,743.62
(Second Bush Tax Cuts Enacted Using Reconciliation)
09/30/2002 $6,228,235,965,597.16
09/30/2001 $5,807,463,412,200.06
(First Bush Tax Cuts Enacted Using Reconciliation)
09/30/2000 $5,674,178,209,886.86
(Administration And Congress Arguing About How To Use Surplus)
09/30/1999 $5,656,270,901,615.43
(First Surplus Generated...On Track To Pay Off Debt By 2012)
09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32
(Bill Clinton Raised Taxes On The Rich early 1993)
09/30/1993 $4,411,488,883,139.38
( Debt Quadrupled By Reagan/Bush41)
09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00
09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion
)(Reagan Slashed Tax Rates To Pre Depression Levels)
09/30/1981 $997,855,000,000.00