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

← Back to Stories (view on slashdot.org)

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

Posted by samzenpus on Monday July 23, 2012 @02:42AM from the I-want-to-live-like-common-people dept.

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."

6 of 696 comments (clear)

Min score:

Reason:

Sort:

Re:trickle down by SJHillman · 2012-07-23 02:46 · 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.
Re:trickle down by Anonymous Coward · 2012-07-23 02:48 · Score: 3, Funny

goddamn greedy teachers with their gold-plated Celicas.
Re:Relevant by Anonymous Coward · 2012-07-23 02:52 · Score: 4, Funny

Only if you work with Republicans.
Re:Official MinTruth Statement by gman003 · 2012-07-23 03:08 · 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?
Re:Official MinTruth Statement by phantomfive · 2012-07-23 03:36 · 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."
Re:Poverty rate by locketine · 2012-07-23 04:06 · 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.