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Economists: US Poverty On Track To Hit Highest Level Since 1960s

First time accepted submitter eentory writes "According to economists and other experts surveyed by the Associated Press, the U.S. poverty rate is on track to hit its highest level since the 1960s. The consensus among those surveyed is that 'the official poverty rate will rise from 15.1 percent in 2010, climbing as high as 15.7 percent.' Just a 0.1 percent increase would put the poverty rate at its highest since 1965."

8 of 696 comments (clear)

  1. Re:trickle down by SJHillman · · Score: 4, Funny

    No, this is a new system called Trickle Up Poverty. They found it reaches the middle class faster if it goes up.

  2. Re:trickle down by Anonymous Coward · · Score: 3, Funny

    goddamn greedy teachers with their gold-plated Celicas.

  3. Which one is John Galt? by Anonymous Coward · · Score: 1, Funny

    And what is he laughing about?

  4. Re:Relevant by Anonymous Coward · · Score: 4, Funny

    Only if you work with Republicans.

  5. Re:Official MinTruth Statement by gman003 · · Score: 5, Funny

    Yep. It goes back at least to Bush I, probably much earlier.

    I say we blame everything on Nixon. That's when things started going downhill and the budget started spiraling upward.

    Plus, he makes a good scapegoat. He's already "evil" in the public eye; why not blame him for starting America's decline as well as for Vietnam and Watergate?

  6. Re:Official MinTruth Statement by phantomfive · · Score: 4, Funny

    His platform is to end the IRS? I can't see any potentially nasty side effects of that.

    --
    "First they came for the slanderers and i said nothing."
  7. Re:Poverty rate by locketine · · Score: 3, Funny

    How could someone be "impoverished" while having access to too much food?

    First world problems...

    --
    Think globally but act within local variable scope.
  8. Re:Relevant by Anonymous Coward · · Score: 0, Funny

    Perhaps he didn't expect the second two years of his presidency to be so hard?

    Exactly! Who but a racist would oppose a Magic Negro?