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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."

134 of 696 comments (clear)

  1. Relevant by Anonymous Coward · · Score: 5, Insightful
    1. Re:Relevant by Anonymous Coward · · Score: 4, Funny

      Only if you work with Republicans.

    2. Re:Relevant by seyfarth · · Score: 3, Insightful

      Obama has been President while the Republicans have been the party of "NO". They have blocked numerous attempts to revive the economy with the obvious goal being to leave the economy in the ditch which poor leadership got us into. So, while Obama has been President, saying that he was in charge for the last 3.5 years is ignoring the facts.

      --
      Ray Seyfarth, ray.seyfarth@gmail.com, http://rayseyfarth.blogspot.com
    3. Re:Relevant by Attila+Dimedici · · Score: 4, Insightful

      Why did Obama wait until he lost control of Congress to try and revive the economy? If he had taken action to revive the economy during his first two years there would have been nothing the Republicans could have done to undo it. The Republicans only control the House which means that if Obama had put as much effort into reviving the economy (something a majority of U.S. voters want done) as he did in to passing his healthcare financing act (something the majority of U.S. voters did notwant done) there would be nothing the Republicans could have done or could do to thwart him.

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    4. Re:Relevant by arpad1 · · Score: 2

      I think I understand.

      If the U.S. were a one-party nation everything would be just fine. Not to put too fine a point on it but has this "one party" thing worked out well in other countries?

      --
      Minutus cantorum, minutus balorum, minutus carborata descendum pantorum.
    5. Re:Relevant by MMC+Monster · · Score: 3, Insightful

      It may be that the country doesn't want health care reform, but it's something the country as a whole needs. (I am a physician and I'm okay with taking a pay cut..... so long as my malpractice insurance goes down by a similar percentage.)

      That being said, I wish Obama tackled both these issue in the first two years. Perhaps he didn't expect the second two years of his presidency to be so hard?

      --
      Help! I'm a slashdot refugee.
    6. Re:Relevant by Yakasha · · Score: 2, Insightful

      Obama has been President while the Republicans have been the party of "NO". They have blocked numerous attempts to revive the economy with the obvious goal being to leave the economy in the ditch which poor leadership got us into.

      111th Congress was split 58 Democrat Senators, 41 Republican Senators. 2 short of a super majority. But ya, it was the Republican party of "NO!" that prevented Obama from reviving the economy with his $800 billion dollar stimulus package that he promised would get unemployment below 8%. I thought it passed? Oh right, it did. Republican's fault somehow...
      111th Congress also happened to be split 257 Democrat representatives and 178 Republican. Tell me again how their NO votes stopped Obama from leading?

      Oh, it was the 112th Congress that was more evenly split that prevented Obama from being a leader?

      I don't even need to ask how you got modded insightful for parroting the Democrat party mantra of "Not my fault!".

      Bush Sr., Clinton, and Reagan all dealt with Congresses controlled by the Opposite party, yet are still *not* considered leadership failures. They "got stuff done", in Clinton's case despite the "Party of No" purposefully trying to foil his every attempt to lead by voting No.

      Obama is a failure as a LEADER. Congress passes or blocks laws, but Obama is the one that makes remarks about Officer Crowley being stupid. Obama is the one that helps divide the nation by claiming "my son would look like Trayvon", instead of saying "Hey, lets stand together, wait for the facts, and fix the bad laws". Leaders step up, take the high road, and get everybody to work together towards a common goal. They don't say things like "the party of No", point fingers, say "that side isn't towing their weight".

      Republicans will always oppose some Democrat ideas not because they want the country to fail, but because they have a different idea of what success is and how to achieve it. Are some of them greedy asshats that don't care about the country beyond "what can I get from it?", well of course. But thinking the Democrats are any different is just... stupid.

      So stop being so sheepishly bigoted. Political sound bytes are rarely accurate as-is.

    7. Re:Relevant by uigrad_2000 · · Score: 2

      And for the 8 years before that, we had a republican that frequently gave in to the dems in the senate and house.

      It's been a very long time since republican policies have really been given a fair test.

      --
      Free unix account: freeshell.org
    8. Re:Relevant by Anonymous Coward · · Score: 5, Informative

      Why did Obama wait until he lost control of Congress to try and revive the economy?

      I am not a fan of Obama, but he never had control of Congress. I believe what you refer to as "control" was 59 Democrats + 1 Indep, with 60 votes needed to break a filibuster. So he would need absolute unanimous support and the support of Lieberman (who negotiated quite a bit for his single vote).
      That's a very theoretical "control", that could be broken by luring one person away (or even someone sick/campaigning/etc/).

    9. Re:Relevant by slimjim8094 · · Score: 5, Insightful

      Frankly, I think Obama believed his own rhetoric. As commander-in-chief, he also could've forced the states to accept the Gitmo prisoners (don't you remember he was working with governors a few months into his presidency?) but was unwilling to hand down orders and instead tried to compromise. Like he said he would do in his campaign.

      Unfortunately, I think it took him until the 2010 midterms to realize that the Republicans really meant it when they said they'd rather torpedo the country than work with him on anything, and by then it was too late.

      --
      I have developed a truly marvelous proof of this comment, which this signature is too narrow to contain.
    10. Re:Relevant by Anonymous Coward · · Score: 3, Informative

      Wow, you have a selective memory. I guess it is easy to forget the filibusters going on during that time with every law 24/7 with no way of invoking cloture, and no way to just do an up/down vote.

    11. Re:Relevant by O('_')O_Bush · · Score: 2

      Don't blame the Republicans for "Starve the Beast" policies that lost our AAA credit rating and are the cause of Sequestration?

      Don't blame Republicans for not stopping the rise of mortgage backed securities and the derivatives market from 1999 until its meltdown in 2008, causing our current economic depression?

      Well, maybe if we find life on mars, we can blame the martians instead.

      --
      while(1) attack(People.Sandy);
    12. Re:Relevant by GodInHell · · Score: 5, Informative

      Funny how the stimulus act exists when Republicans want to bash Obama on the debt, and then ceases to exist when they want to ask what he's done about job creation.

      The graphs tell the tale, when the stimulus kicked in jobs recovered, when it began to phase out, job growth stalled -- all the while Obama has proposed additional stimulus and gotten thwacked in the knockers for it every time.

    13. Re:Relevant by Relayman · · Score: 2, Informative

      Bush Sr., Clinton, and Reagan all dealt with Congresses controlled by the Opposite party, yet are still *not* considered leadership failures.

      They did not deal with a Congress that tried to stop every piece of legislation going through and tried to ruin the economy so that they could blame it on the President. That part is attributed to the rise in the Tea Party.

      --
      If I used a sig over again, would anyone notice?
    14. Re:Relevant by Attila+Dimedici · · Score: 2

      How well did work out to revive the economy? Perhaps the reason that Obama has failed to revive the economy is because his ideas for doing so don't work? However, that is a different argument than the one the poster I replied to made. He argued that Obama failed to revive the economy because the Republicans blocked his efforts. However, Obama had two years when there was nothing the Republicans could do to stop him. So the question for that poster is, why didn't Obama pass the bills needed to revive the economy then?

      --
      The truth is that all men having power ought to be mistrusted. James Madison
    15. Re:Relevant by postbigbang · · Score: 2

      Reviving the economy..... we'll start with running three major war fronts concurrently, Terrorism, Afghanistan, and Iraq, and the money that it sucks away from the economy. Then we'll add-in a little spice, like investment banks gone amok with no controls or audit to warn of essentially knackered assets.

      Stir-in oil companies, eager at any moment to suck the economy dry with no excuse now needed for price increases-- just boldness and trumped-up "bad" news (look! something happened in our new best trading partner, Nigeria!).

      Add several cups of armchair economists building plentiful memes about keeping taxes artificially low, spending at draconian, and heaven-forbid: welfare????

      Bake in an oven of heavily partisan politics. Sprinkle with daily epithets, lies, half-truths, and stuff that makes Politifact groan aloud. Remember the talk show hosts for icing, blabbling like polluted brooks, using the most possible incendiary language to polarize the public.

      Failed to revive the economy? Go to a rodeo and see how fast they hog-tie calves. Obama was and is hamstrung by Kentuckians, who gloat, while not coming to tears or smoking out back.

      --
      ---- Teach Peace. It's Cheaper Than War.
    16. Re:Relevant by shutdown+-p+now · · Score: 3, Insightful

      I never understand how people can argue with trickle-down economics.

      By observing that it plainly doesn't work.

      "Rising tide lifts all boats" is a common phrase that seems to be less controversial. As an honest question... to those of you who refuse to accept trickle-down.... what do you think of "Rising tide lifts all boats"? It's nearly the same thing.

      It is a model that does not correspond to reality. The reason why it doesn't is because there's no economic law that states that wealth is distributed equally among all players in the economy, similar to the law that dictates equal level of liquid in communicating vessels.

    17. Re:Relevant by DeadCatX2 · · Score: 5, Insightful

      The majority of voters overwhelmingly like what the PPACA provides for (no denial on pre-existing conditions, no lifetime limits on benefits, minimum 85% of premiums goes toward benefits, etc). What they don't like is the mandate, mostly because the noise surrounding the legislation prevents them from knowing exactly what the mandate says.

      Oh, and by the way, the idea of a mandate is an entirely conservative approach toward health insurance reform. So if/when PPACA fails to bring down costs (because we still aren't negotiating bulk discounts for Medicare Part D, because we still ban drug reimportation, because we still don't have a centralized standard for portable electronic medical records, because hospitals still need entire departments to sort out billing, etc), don't blame it on "liberals", because the PPACA is most definitely not how a "liberal" would want health insurance reform to be executed.

      --
      :(){ :|:& };:
    18. Re:Relevant by davidannis · · Score: 5, Insightful
      Obama didn't wait. He implemented TARP (passed under Bush), bailed out the automakers, did cash for clunkers, a two year extension of the Bush tax cuts, a partial payroll tax holiday, home energy efficiency credits, etc. He tried to get the banks to voluntarily renegotiate mortgages. Meanwhile the Fed cut interest rates to zero, did two rounds of quantitative easing, and loaned money to banks foreign and domestic.

      Remember that Obama inherited a real mess. John McCain was so worried about a collapse of our financial system that he suspended his campaign and went back to Washington to make sure that TARP got through. Bush had turned the Clinton surpluses (I remember talk of retiring the twenty year treasuries) into record deficits.

      While he did all of that the Republicans screamed about deficits and the threat of inflation. If he'd tried more stimulus, perhaps they would have been right. Trying to Do more would also have increased the chances of more of his agenda being blocked. It seems to me that you are faulting Obama for making choices that didn't magically turn what many feared would be the next Great Depression into an economic boom. Given the pickle he was put in, I say he did a fine job of balancing the need for stimulus, political compromise, the threat of inflation, and the size of the deficit.

    19. Re:Relevant by Lumpy · · Score: 2

      By current definitions, Reagan was a tax and Spend liberal.

      --
      Do not look at laser with remaining good eye.
    20. Re:Relevant by speederaser · · Score: 2

      By current definitions, Reagan was a tax and Spend liberal.

      True, Republicans today would accuse Reagan of being a RINO, but the data do not support your statement. Reagan spent money like a drunk sailor, but that money was borrowed, not taxed. He was the first of the Borrow and Spend Republicans.

      At least when you Tax and Spend you have a balanced budget (see Clinton's last few years). That simple concept seems to escape the current crop of Republicans.

    21. Re:Relevant by scot4875 · · Score: 2

      And we also had a Republican congress that used a historically unprecedented amount of filibustering to prevent *anything* from getting done -- basically ensuring that without 100% support from the democratic side of the aisle (unrealistic, as the Democratic party houses a much wider range of views), the Republican-led effort to grind everything to a halt would succeed. And it did.

      --Jeremy

      --
      Jesus was a liberal
    22. Re:Relevant by sorak · · Score: 2

      And a (D) Congress to go with him

      But never enough to break the constant stream of kneejerk filibusters.

    23. Re:Relevant by scot4875 · · Score: 2

      Republicans will always oppose some Democrat ideas not because they want the country to fail, but because they have a different idea of what success is and how to achieve it.

      Here's where you're either uninformed or a liar. The Republicans have opposed and blocked passage of *every* policy proposed by Democrats since 2008. Fuck, they blocked a bill to give health care to 9/11 first responders! Routine political appointments have been vacant for years because of the Republican blockade.

      For you to claim that Republican opposition has been selective and based on ideology is disingenuous: the only ideology they have right now is "if Obama's fer it, we're agin' it."

      --Jeremy

      --
      Jesus was a liberal
    24. Re:Relevant by Yakasha · · Score: 2

      Bush Sr., Clinton, and Reagan all dealt with Congresses controlled by the Opposite party, yet are still *not* considered leadership failures.

      They did not deal with a Congress that tried to stop every piece of legislation going through and tried to ruin the economy so that they could blame it on the President. That part is attributed to the rise in the Tea Party.

      By "everything", would you be including the stimulus package that Obama promised would bring unemployment below 8%? The culture in Washington is largely the same as it was 30, 20, or even 10 years ago sans specific political party control. The Tea Party does not have the influence you attribute to them.

    25. Re:Relevant by Anonymous Coward · · Score: 2, Informative

      Funny how the stimulus act exists when Republicans want to bash Obama on the debt, and then ceases to exist when they want to ask what he's done about job creation.

      Conservative Republicans believe that it is NOT the governments purpose to create jobs. That doesn't appear anywhere in the Constitution, "...promote the general welfare..." in the preamble being the closest thing, but not an actual clause.

      Then why do Conservative Republicans hammer on about how Obama has done nothing for jobs in this great country, every chance they get? Why aren't they hammering the private sector? And FFS, no one even mentioned the goddamned Constitution!

      This conservative thinks Bush and Obama both got us deeper in debt, Obama doing even worse than Bush.

      Lies. Obama put back on the books the costs of two wars that were excluded during Bush's terms Draw the line with the Bush wars included, and you see that Obama has done markedly better.

      And ironically it was with a Democrat in the White House when we last had a balanced budget.

      ..and squandered by a Republican.

      I'm for ZERO tax change (freeze current levels) until Congress and the President get their act together and balance the budget. Only then would I be willing to hear proposals for tax changes (increases or cuts). I will NEVER support allowing Congress to take even more from Americans until they earn my trust by proving they can live within their means without voting a revenue increase. History has shown that voting to take more inevitably leads to greater spending.

      Congress doesn't 'live within their means'. Congress isn't renting an apartment and washing dishes at a local restaurant to pay the rent. It's a governing body with the obligation to pass laws, including budgets, that meet and fund the obligations of the United States of America.

      It's like a kid with a credit card.

      It is oh so nothing like that. It's this precise attitude that's gotten the current Congress all in a bind. Yes, I leave out the President because, if you had a clue as to how the system works, it's Congress who starts the budgetary process, and the current batch of 'tards in office seem to think pure obfuscation is a legitimate tactic. There's no respect of the system or the duties of Congress. There's just a get-my-way attitude that thinks it's preferable to burn the whole thing down rather than compromise. That's not the mindset of politicians, that's the mindset of fanatics.

      Earn my trust FIRST, Congress (D or R).

      You had that chance at the polling booth, friend. You'll have that chance again.

      Class warfare, using jealousy and envy to separate rich/poor is awful. You may love it if you're poor and want something for nothing, or you may hate it if you're rich. And there's a mix of both in the vast middle where I'm firmly planted. You may stand on principal that what's mine is mine and what's yours is yours, that even if a group gathers and votes to take what's yours or mine away and use it for the "public good" that it still amounts to taking--so where's the reimbursement?

      "Public good", huh. In quotes, like you think there's no such thing. Or maybe you just don't think you've any obligation to contribute to it. Fuck 'em, I got mine, right? Yeah. Ironic that man, the most social of animals, is convinced that 'socialism' is evil.

      The rich sure love you. Under the current tax regime, you 'middlers', or 53% ers, or whatever poor downtrodden designation you want for yourselves these days, are happily deflating your income every year to the tune of inflation, while they reap not only every penny of the productivity gains of the past 30 years, they also reap the benefits of favorable taxation rules and loopholes that most everyone else can't avail themselves of.

      Class warfare? The second richest man on the planet TOLD US that it was happening, and that they were winning, years ago.

    26. Re:Relevant by GameboyRMH · · Score: 2

      He wasted the first two years with that "bipartisanship" bullshit. He was epically wasteful with his political power and advantage early on.

      --
      "When information is power, privacy is freedom" - Jah-Wren Ryel
    27. Re:Relevant by sumdumass · · Score: 2, Insightful

      The only thing that is going to revive the economy is cheap energy. Every economic boom we have had has also had cheap energy. There is nothing the government can do besides create policy ensuring cheap energy that will have any significant impact on the economy except perhaps relax environmental regulations driving the costs of energy or the costs of energy usage up.

    28. Re:Relevant by Genda · · Score: 2

      As I recall the Republican negotiations included a number of deranged demands that no standing president with an IQ higher that about 5 could agree to. That didn't make Obama inflexible, just sane. One of the greatest conservative (and libertarian) minds of the 20th century had these things to to say about the Republican party of the 21rst century;

      "Mark my word, if and when these preachers get control of the [Republican] party, and they're sure trying to do so, it's going to be a terrible damn problem. Frankly, these people frighten me. Politics and governing demand compromise. But these Christians believe they are acting in the name of God, so they can't and won't compromise. I know, I've tried to deal with them. ..... The religious factions that are growing throughout our land are not using their religious clout with wisdom.... I'm frankly sick and tired of the political preachers across this country telling me as a citizen that if I want to be a moral person, I must believe in 'A,' 'B,' 'C,' and 'D.' Just who do they think they are?... I will fight them every step of the way if they try to dictate their moral convictions to all Americans in the name of "conservatism."

      "You are extremists, and you have hurt the Republican Party much more than the Democrats have.”

      -- Barry Goldwater

      The Republican party is no longer capable of compromise in any meaningful way. The "No Tax" pledge when the nation is literally crashing around us and the wealthy pay nearly nothing. The BLIND adherence of Supply Side Economics which has consistently FAILED to accomplish even one of its promises in 30 years. It tells me the Republicans are religious not only in the spiritual matters but their political as well. They are undeterred by facts, evidence, accounting or even the burning forest and disintegrating economy surrounding them preferring to blame it all on the liberal monster.

      Here's a little information, did you know the Karl Marx invented Supply Side Economics? He described it as the means by which the wealthy would bleed the middle class dry instigating a class war. How prophetic. Tell y'all what, go here, read a little, maybe you'll have an original thought that didn't fall out of the mouth of a FOX News commentator.

      Oh, and if you think I'm some kind of knee jerk Democrat... wrong again. I'm no happier with Obama and his utter disregard for the Constitution than his predecessor. The fact that he has a minion in his Office representing people who would destroy free information I find reprehensible. I'm just saying that as vile as the Dems are, the Reps make we want to flush D.C. like the toilets its become.

    29. Re:Relevant by Genda · · Score: 3, Insightful

      The problem is that we've been poisoned. We've been told a bald faced lie. We've been told that taxes are bad, by people who would like to pay no taxes. Who don't need a government because they can afford to build their own roads and hire personal armies to keep the starving masses off their property. You've been sold a bill of goods.

      The biggest booms in the American economy in history happened precisely at the same time the the wealthy we being taxed the most. In fact during the WWII economic boom, the wealthiest tax bracket paid over 95% income tax. They didn't stop being wealthy. In fact they made out like bandits because in that exploding economy, their investments also exploded in value.

      During the 60s corporate tax accounted for 40% of the total revenue at the Federal level. Today it counts for less than 5%, it was replaces by increases in payroll tax. Put this way, the wealthy have been taxing you even increasingly for the last 50 years, and over the last 30 years, the Republicans have made the rope, slipped it over out heads and pushed us off the ladder with Supply-Side Economics.

      The problem isn't now and has never been taxes. The problem is a government that has been hijacked by wealthy interests to the utter destruction of the nation's people. The sooner you get clear where the butt is vs the end that goes boom, the better we'll all be.

    30. Re:Relevant by Genda · · Score: 2

      I'm sorry but the Republican Party came up with a virtually identical plan to PPACA in response to the Clinton Health plan, and I'm certain that if y'all had passed that you'd be crowing like you'd laid a golden egg. In fact Mitt Romney passed a nearly identical bill in his home state and its performing magnificently at this very moment. Only he can't talk about it because he's supposed to hate what Obama is doing. You guys, you so crazy!!!

    31. Re:Relevant by Genda · · Score: 2

      Ah I see your problem, selective memory... Okay, let's try to refresh it... months after the big one, the crater left by one financial implosion after another, the automotive industry goes to D.C. and explains how they're a popcorn fart away from being the next crater. Obama is left with a few choices. Another bail out? No. Cash for clunkers? Yes. Replace smog makers with newer, cleaner, more fuel economic cars, while at the same time stimulating the economy and saving about 8 million jobs. Well played sir. But of course Obama did it so it must be evil and tainted. Tell you what, explain to me how you would have addressed even one of these many things differently and we'll look at your idea is depth. No? I didn't think so.

    32. Re:Relevant by Attila+Dimedici · · Score: 2

      That would explain why the companies that Obama gave federal money to have gone bankrupt (after giving very nice campaign contributions to Democratic campaigns and nice profits to their initial investors).

      --
      The truth is that all men having power ought to be mistrusted. James Madison
  2. 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.

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

    goddamn greedy teachers with their gold-plated Celicas.

  4. And with the current folks in power by Phrogman · · Score: 5, Insightful

    Its only going to climb higher. I am up in Canada, but its the same here, all I see is businesses closing, programs being cut, the only jobs available seem to be for crap wages with no benefits etc. The economy is failing from the bottom up as the small businesses die off one by one. Meanwhile of course, the high end executives get massive yearly bonuses as a matter of course - even if the company they are working at is tanking and likely to go under.

    --
    "The first time I got drunk, I got married. The second time I bought a chimpanzee, after that I stayed sober" Arian Seid
    1. Re:And with the current folks in power by polar+red · · Score: 2

      and with the people 'in power' you mean who? The 'elected' puppets ?

      --
      Yes, I'm left. You have a problem with that?
    2. Re:And with the current folks in power by hierofalcon · · Score: 3, Insightful

      In our Sunday School class welfare and the associated topics came up - why don't these people get a job was the comment of a retired gentleman. An employer said he had roughly 50 or 60 job openings for people who could do manual labor type work or higher openings that they can't fill. The reason - the people who apply can't pass drug screens or have too many DUIs on their driving record.

      Yes - everyone would like to start out as a CEO making huge wages. Yes - many have gone to college an got an Arts and Crafts degree for an inflated price instead of taking something hard that might actually have a job waiting for them and have huge loans to pay off due to that. Yes, even for those who have engineering or science/medical degrees, there are many companies that aren't hiring in the US but are outsourcing engineering work and knowledge overseas.

      But there are jobs out there - at least in the mining industries and petroleum industries and those fields and towns that service them. In some of the booming oil field towns in ND, even food service is paying really well compared to the rest of the country because everyone who can is out working in the oil field. Whether this will keep up with Europe crashing is anyone's guess. The trouble is, you can't live on the coasts to do them and they are real work. You also have to live in small towns without much culture or big name stores around. Just picking up and moving entails real risk because once you're there you can't just go to a nearby town for a different job - there are no nearby towns. Rents are through the roof and housing is completely unavailable in some cases. Winters can be brutal. But there is work out there and the companies aren't going to go under any time soon.

    3. Re:And with the current folks in power by Lumpy · · Score: 2

      The bonus that one second rate Corporation gives it's CEO is enough to start 5 small businesses. Hell the Bonus that the CEO of HP got for leaving is more than the CEO of the company I work for has made in the 20 years he has been in business and he maintains 40 full time jobs that he pays fair wages.

      Why is he not rich? because he is honest and cares about people and his workers. he could easily double his salary by being a criminal scumbag.

      Any time you see a CEO that makes 8 figures as a bonus, you are looking at a white collar criminal getting his kickback. The honest CEO will take that bonus and then give it to all the employees as a gift.

      And yes, that is what our CEO did for Christmas. We made a record profit last year, Instead of him dipping into it, he took it and reinvested it in the business, the rest he gave to the employees as a large bonus 20 days before Christmas.

      --
      Do not look at laser with remaining good eye.
  5. Re:Official MinTruth Statement by ohnocitizen · · Score: 5, Insightful

    I thought the idea was to give Mittens the reigns, let the corporations have 100% control of our country (vs the current insulting 98%), and hope for some trickle down?

  6. Re:Official MinTruth Statement by brian0918 · · Score: 4, Insightful

    There's a third alternative: Gary Johnson.

  7. Re:Poverty? Gimme a break. by Anonymous Coward · · Score: 5, Insightful

    In the rest of the world, those amounts can actually buy you things like food and shelter.

    Last I checked(and I check pretty much every fucking day), it's pretty goddamned difficult to buy food and shelter on that much money in the U.S..

    People in the U.S. don't believe they are entitled to more. People in the U.S. pay more for things than people in the rest of the world, so people in the U.S. need more money to buy an equivalent amount of said things.

    Enjoy your caviar, fucktard.

  8. Re:trickle down by operagost · · Score: 2, Insightful

    Trickle Up Poverty is the likely objective, considering that the federal government is trying to persuade people to go on food stamps even if they think they don't need to.

    --

    Gamingmuseum.com: Give your 3D accelerator a rest.
  9. How much longer? by brian0918 · · Score: 2

    How much longer are we going to put up with the two false alternatives that continue to kick the can down the road and buy votes with money that will be paid back by future generations?

    How long until we finally consider a real alternative?

    1. Re:How much longer? by Hatta · · Score: 4, Insightful

      It speaks volumes that the only "real alternative" available across the country in this election is one who would remove even more of the few regulations left to protect us from corporate excess. Look at "Gary Johnson's track record". He brags about being "an outspoken advocate for...protection of civil liberties", and a couple sentences later he brags about how he "privatized half of the state prisons". WTF?

      --
      Give me Classic Slashdot or give me death!
    2. Re:How much longer? by AmazingRuss · · Score: 2

      This is the end of the road. We are the future generations whose future was sold.

    3. Re:How much longer? by rhsanborn · · Score: 2

      Because everyone has skin in the game, and no matter what you do, you will step on toes.

      Raise funds by increasing taxes. - Everyone already thinks they are over taxed, so it doesn't matter where you raise taxes, you're going to piss people off, and ... lose votes.
      Cut welfare programs (food stamps, medicaid, disability). - These people still vote, and there are people who believe these programs matter. If you destroy them, you lose votes. That said, the rich have done a good job convincing the middle and lower middle class that the people on these roles are the scum of the earth. It turns out, these middle and lower middle class people may occasionally need these programs to find they no longer exist.
      You reduce medicare, extend the retirement age, or reduce social security payouts. - You piss off one of the biggest lobbies and voting blocks and ... lose votes.
      Drastically cut military spending. This puts a huge number of active duty service members out of a job, pisses off rich military contractors, and stokes the fears of people who insist on a huge military and ... lose votes.

      Politicians know the condition things are in, but to make it right, you kill your ability to get reelected. So they continue to play the same old game hoping it doesn't come crashing down on their watch.

    4. Re:How much longer? by Kjella · · Score: 2

      How much longer are we going to put up with the two false alternatives that continue to kick the can down the road and buy votes with money that will be paid back by future generations?

      Since it's like going shopping with someone else's credit card, I predict when the bank says you've hit your limit. And I predict sometime shortly after that said "future generations" will refuse to pay the bill. Greece's private creditors had to take a 74% loss (53.5% nominal and lower interest rate) but so far EU has bankrolled them, now the interest rates are simply unsustainable for Spain. Either they have to come down right now or the mad scramble for the exit starts like it did with Greece. The US is not there yet but there's plenty examples of what will happen if you don't change your course. But then, the same could be said of all these countries that are there now...

      --
      Live today, because you never know what tomorrow brings
  10. Re:Official MinTruth Statement by h4rr4r · · Score: 5, Insightful

    You think the last 4 years are what did this?

    You don't think the last several decades might have had more of an impact?

  11. Re:But this can't be right by polar+red · · Score: 5, Interesting

    working their way down to the grunt workers

    No, they wealth is trickling SIDEWAYS into tax-shelters.
    http://www.businessinsider.com/rich-21-trillion-31-trillion-offshore-tax-havens-2012-7?op=1

    --
    Yes, I'm left. You have a problem with that?
  12. Re:Pay to be Poor by Anonymous Coward · · Score: 2, Insightful

    When you pay people to not have jobs... what the fuck do you expect?

    You need to try and work for a salary of $11,000/year and support 2 people in a household, together with a car payment. I have, and I can tell you, it has nothing to do with getting paid not to work.

    So with your ignorant statement you are part of the problem and not the solution...

  13. 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?

  14. Re:Pay to be Poor by Anonymous Coward · · Score: 2, Interesting

    You, sir, are an idiot.

    Actually you're the idiot. I know several people on the gov't dole. And the ONLY reason they say do NOT get a job is that they would need to get a job pay X amount so it would be worth getting off the dole. They say why get off the gov't teat IF they(and their family) would be worse off.

  15. Re:Stop redefining proverty. by jedidiah · · Score: 5, Insightful

    This article is nonsense. My extended family is working class and none of them could ever afford air conditioning. They are what you might call the "working poor". Never mind "the poor".

    That link sounds like the clueless ramblings of a modern day Marie Antoinette.

    If the poor are "fed" or "sheltered" there is a good chance that this is only the case because of public assistance.

    --
    A Pirate and a Puritan look the same on a balance sheet.
  16. Re:Official MinTruth Statement by MickyTheIdiot · · Score: 2

    Another person who thinks the world began on January 20, 2009.

  17. Classic Marx by mspohr · · Score: 4, Insightful

    We've outsourced everything and the capital hides in offshore accounts.
    Should be no surprise that poverty is up.
    Marx was right.

    --
    I don't read your sig. Why are you reading mine?
  18. Remember This In November by assertation · · Score: 5, Insightful

    Congressional Republicans have voted down every proposal to help the economy the President has sent to them, even proposals tailored after Republican tactics for economic handling.

    Remember this in November, vote the Republicans in the Senate and Congress out.

    They are making the country and most likely you, poorer, just because they are in a pissing contest with the president.

    They don't deserve your support

    1. Re:Remember This In November by Enderandrew · · Score: 2

      Blindly voting one party (regardless of party) will never fix the issue. If the media was devoid of partisan spin and we could individual elected officials accountable for their actions, then perhaps we'd have solutions.

      --
      http://blindscribblings.com - Tasty pop-culture in conceptual fashion.
    2. Re:Remember This In November by Mitreya · · Score: 2

      Sorry, both the Democrats and Republicans work in favor of the rich against the rest of us.

      Well, yes and no. True, but misleading.
      According to the announced tax plans, Obama at least plans to only permit tax cuts for the first $250K instead of $Everything (with average tax reduction of ~$20K vs ~$80K on the taxes per family based on the estimates I read).
      Both D and R may be working in favor of the rich, but Republicans are working much harder in favor of the rich.

  19. Wages as a percentage of U.S. GDP peaked in '72 by WillAdams · · Score: 2

    and have been trending down ever since.

    The highest income tax bracket was 91% under Eisenhower --- Kennedy got it reduced to 70% and it's been steadily declining ever since.

    Someone please tell me what was wrong w/ the economy under Eisenhower?

    --
    Sphinx of black quartz, judge my vow.
    1. Re:Wages as a percentage of U.S. GDP peaked in '72 by Amiga+Trombone · · Score: 2

      Well, the economy was fine - you're problem is that it isn't the 1950s anymore. That is to say, our biggest possible competitor, Europe, isn't recovering from a recent world war, China and India aren't undergoing massive famines, Korea isn't in the midst of a civil war, and Made in Japan is no longer a synonym for cheap junk.

      You could have a 90% tax in the 50's simply because there was no place else to go. Try that today and watch your industries and your wealth move off-shore even faster than they are now.

  20. Re:Official MinTruth Statement by MickyTheIdiot · · Score: 5, Insightful

    You know trickle down had some merit in a world before a telecommunications revolution and easy shipping. In that world corporations HAD to competively hire local people to get work done. We're past that.

    Right now allowing the top 1% to make money off of easy imports of overseas goods is to the GDP what a empty calories are to your diet.

  21. the true culprit by P-niiice · · Score: 3, Insightful

    The true cause for this, wholesale adaptation of Reagan's economic philosophies, will never be identified or addressed, and the middle class will continue to shrink, and will only gain ground (temporary ground) during bubbles. And when those bubbles pop, the middle class slides back even more.

  22. Re:Official MinTruth Statement by Hatta · · Score: 2

    Obama has largely continued the economic policies of his predecessors. There's still no effective regulation of high finance. Dodd-Frank is a joke. Obama's cabinet is packed with Goldman Sachs alums. Not one executive level banker has so much as been arrested for any of the crimes they've committed.

    Obama is a crony capitalist just like the rest of them. He's even more corrupt than Reagan, who was at least willing to put bankers in jail after the S&L crisis. Do you understand that? Obama is more corrupt than the guy Reaganomics is named after.

    --
    Give me Classic Slashdot or give me death!
  23. Poverty isn't what it used to be by ShanghaiBill · · Score: 4, Interesting

    Says it all.

    No, it doesn't say it all. It doesn't say that the poverty line is much higher today than in 1960, so implying that people are worse off is nonsense. It also doesn't say that our definition of "poverty" is silly: it only counts income, and ignores assets. I live in Silicon Valley in a nice neighborhood with a paid off mortgage, and my wife drives a snazzy BMW. I run my own company and usually make a solid six figure income. But in 2010, I had several employees in R&D mode, my net income was nearly zero, I fell below the poverty line. I actually qualified for some government handouts. That is seems absurd to me.

    1. Re:Poverty isn't what it used to be by 140Mandak262Jamuna · · Score: 4, Insightful
      That is the institutional advantage richer people get. They can choose to take their income in many forms, defer it, hide it abroad, launder it through IRAs or partnerships, or insane insurance policies where the benefit is less than the premium. Poor sods who work for a living and get a W2, the government seems to go after them with vehemence. But their anger is very cleverly manipulated by the rich to get even more tax breaks for capital gains, retained interest, reciprocal tax treaties with foreign governments, etc etc.

      We must save the American capitalism from these capitalists. I think a U Chicago economist wrote a book with a similar title. "save capitalism from capitalists".

      --
      sed -e 's/Chuck Norris/Rajnikant/g' joke > fact
    2. Re:Poverty isn't what it used to be by j-pimp · · Score: 3, Insightful

      But in 2010, I had several employees in R&D mode, my net income was nearly zero, I fell below the poverty line. I actually qualified for some government handouts. That is seems absurd to me.

      First of all, you were a rare edge case, so I don't think its "ridiculous" that you qualified for handouts. Your a really strange edge case if you're floating R&D people and your accountant told you not to pay yourself a salary at all for 2010. I think that if every person in America that was in your boat took advantage of the hand outs, its effect would be negligible. Secondly, lets say you continued to operate this way until you lost the house and car, wouldn't it be nice to know that you could just walk down to the benefits office and file for benefits.

      --
      --- Justin Dearing http://www.justaprogrammer.net/ We're just programmers.
    3. Re:Poverty isn't what it used to be by Mitreya · · Score: 2

      As an example, you mention IRAs which are not even an option to the wealthy because once your income is high enough you are no longer allowed to make pre-tax contributions.

      Reality disagrees with you. See here. "According to Romneyâ(TM)s disclosure documents, the candidate has between $20.7 million and $101.6 million parked tax-free in his IRA".
      Maybe you just have to be ultra-wealthy?

    4. Re:Poverty isn't what it used to be by deadweight · · Score: 3, Interesting

      I call bullshit on this. First off, poverty level income would not allow you to pay your property taxes, eat, and keep a BMW running ( I had one, I should know). I can well see having CORPORATE income of 0 or less after expenses. Those expenses would include YOUR SALARY and likely the car too if your accountant is on the ball.

    5. Re:Poverty isn't what it used to be by dkleinsc · · Score: 4, Insightful

      It doesn't say that the poverty line is much higher today than in 1960, so implying that people are worse off is nonsense.

      The poverty line for a family of 4 people is approximately $22K / year. Here are some basic expenses for a city-dwelling family of 4, assuming no public assistance:
      Housing: 2-bedroom apartment - $850 / month * 12 months per year = $10,200
      Food: $2 per meal * 3 meals a day * 365 days a year * 4 people = $8,760
      Transportation: $2.50 bus fare * 4 bus rides per work day (assuming 2 working adults) * 20 work days per month * 12 months = $2400.00
      Utilities: $50 per month * 12 months = $600.00
      You now have about $100 left to pay for anything else you'd like for the next year, including clothing and health care. Yes, I'd rather be impoverished in 2010 than in 1910, but it's hardly a pleasant existence.

      I agree that not taking assets into account is silly, but the poverty line is not too high.

      --
      I am officially gone from /. Long live http://www.soylentnews.com/
    6. Re:Poverty isn't what it used to be by cayenne8 · · Score: 3, Insightful

      That is the institutional advantage richer people get. They can choose to take their income in many forms, defer it, hide it abroad, launder it through IRAs or partnerships, or insane insurance policies where the benefit is less than the premium. Poor sods who work for a living and get a W2, the government seems to go after them with vehemence. But their anger is very cleverly manipulated by the rich to get even more tax breaks for capital gains, retained interest, reciprocal tax treaties with foreign governments, etc etc.

      We must save the American capitalism from these capitalists. I think a U Chicago economist wrote a book with a similar title. "save capitalism from capitalists".

      Well, as far as what the OP was talking about...most any US citizen can take advantage of these type things...it just takes knowledge and a bit of initiative.

      Anyone can incorporate themselves for a very small price...and use that to take advantage of tax write offs....you can use this vehicle alone to do some interesting things with your tax liability....and it is something open to any US citizen, you don't have to be wealthy....just have to have a bit of grey matter sitting on your shoulders, and use it with a bit of imagination.

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    7. Re:Poverty isn't what it used to be by CubicleZombie · · Score: 2

      Fire, police, and schools are paid from county property taxes, which are a proportion of how much your home is worth. The average single family home in my county does not pay for itself. Wealthy land owners make up the deficit.

      Roads are paid from state income taxes. My state takes the revenue from the highest income portion of the state (a D.C. suburb) and spends it all in the poorer rural parts of the state.

      So if the top earners demanded their money's worth from their taxes, the rest of us would be in serious trouble.

      --
      :wq
    8. Re:Poverty isn't what it used to be by operagost · · Score: 2

      Sounds like we need to save capitalism from government. It's the crony capitalists who are keeping income tax and other tax rates high, but adding a slew of byzantine loopholes and deductions for the elite to use.

      Please keep in mind that nearly half of the population-- at the bottom-- pays NO income tax. There's a problem at the other end, too.

      --

      Gamingmuseum.com: Give your 3D accelerator a rest.
    9. Re:Poverty isn't what it used to be by iluvcapra · · Score: 2

      Incorporating yourself is one thing, I'm incorporated.

      Putting shares of your private equity firm into your IRA by claiming they have a paper value of 1 penny is somewhat different by degree, as is arranging for 100% of your compensation to be paid from the appreciation of a restricted stock class (which we're informed is supposed to expose you to downside risk, but never does). Or finagling a board of directors into giving you multi-year, six-figure sinecure.

      At a certain point it just starts to look like people scratching each others' backs with money. And that's not what people believe in.

      --
      Don't blame me, I voted for Baltar.
    10. Re:Poverty isn't what it used to be by DeadCatX2 · · Score: 4, Insightful

      You should be taxed based on the percentage of income/wealth that you have. So if the top 400 families have half of America's wealth, it makes some sense that the top 400 families might pay half of America's taxes.

      Also, the "50% of the population pays zero taxes" is total BS. For one, it looks only at federal income taxes, ignoring every other tax, including other federal taxes like the payroll tax - which is an insanely regressive tax that takes orders of magnitude more in percentage terms from lower-income folks than it does upper income folks.

      It also ignores that some people, like those collecting only Social Security, won't pay income tax on that money. Or that other folks are too poor to pay income taxes. Before complaining that these people are paying zero percent, you should try living on $22k/year for a family of four (yeah, that's the official poverty line).

      Those $50k/plate dinners that the politicians hold? Each plate that night is worth more than two families of four in poverty for a YEAR. Two men, two women, four children....one plate.

      Fuck you, you inconsiderate prick.

      --
      :(){ :|:& };:
    11. Re:Poverty isn't what it used to be by StormyWeather · · Score: 3, Insightful

      Of course that doesn't (for your exact example) count the earned income credit 5,236, food stamps 8016 a year, free school lunches, and sometimes breakfasts for your kids, and section 8 housing which varies by locality, and money earned on the side by doing odd jobs.

      Yes I've been poor, capitalism is the only way out.

      No I'm not saying things need to be changed one way or another, just that you aren't showing the whole picture. I have two rent houses, one of them the good people living in meet poverty line threshold, and they both drive nicer cars than I do.

      Rent is 550 a month for a 3 bedroom 1 bath house that is 900sq ft and that includes water utilities paid, and I used to live there it's a nice little house before you accuse me of being a slumlord. I'd live there tomorrow if I didn't have 4 kids and a wife.

    12. Re:Poverty isn't what it used to be by citylivin · · Score: 2

      "Yes I've been poor, capitalism is the only way out"

      Well thats not surprising, seeing as america is a capitalist society. *sigh*. What are you arguing? that you pulled yourself up by your own bootstraps with no outside help? Good for you. Hopefully you realize that not everyone is so lucky. I too pulled myself out of the gutter, but I have no illusions that this is because I live in a resource rich society where there are many options open to me. Also, I was young at the time, and under no illusion is that not a major part of it. If I had to do it again when I was 50 years old with, likely, multiple medical problems, I may have a very different experience.

      "they both drive nicer cars than I do."

      That's because american society is fucked up. It is extremely based on car buying, that there are actually incentives to trade in a perfectly working 4 or 5 or 10! year old car for a new one, incurring new debt.

      So maybe your rents are idiots and cant manage money. That does not mean that everyone using government programs is wasteful.

      Personally, I would argue that the overemphasis on making everyone a competing capitalist, and that everyone expects to be rich "One Day", actually leads to wastefulness of government resources. If people came to grips with using less, consuming less, they would be happier, and most likely make better decisions. I think that abuse of government programs is perpetuated by the same culture which tries to say that everyone needs to be rich to be happy. So in a way, capitalism may be the only way out, but it is also the cause of most of the poverty and artificial scarcity of resources, in the name of capitalism. Not only do the poor not have money, they also feel bad about it. It doesn't have to be that way, and its a cultural shift that is required. It certainly does not help to blindly praise capitalism because some aspects are personally helping you. There is alot of bad in the philosophy as well.

      --
      As a potential lottery winner, I totally support tax cuts for the wealthy
  24. Re:Official MinTruth Statement by MickyTheIdiot · · Score: 5, Insightful

    Nixon was a *much* better president than Bush II. He actually had accomplishments.

    Bush Jr will get his proper place in history... as a person that used his 8 years (and an major terror attack that occurred on US soil) to funnel money to his buddies. I don't buy any attempt to say Bush was part of 9/11, but he sure as hell took advantage of it.

  25. Re:Stop redefining proverty. by dpilot · · Score: 4, Insightful

    What did you expect? That link points to the "Heritage Foundation."

    --
    The living have better things to do than to continue hating the dead.
  26. Re:Poverty? Gimme a break. by MickyTheIdiot · · Score: 4, Insightful

    In almost all states it takes over 80 hours of work PER WEEK for someone making minimum wage to pay for a shoddy apartment.

  27. Re:Pay to be Poor by kilfarsnar · · Score: 5, Insightful

    You, sir, are an idiot.

    Actually you're the idiot. I know several people on the gov't dole. And the ONLY reason they say do NOT get a job is that they would need to get a job pay X amount so it would be worth getting off the dole. They say why get off the gov't teat IF they(and their family) would be worse off.

    Would you support raising the minimum wage so that all jobs pay more than gov't assistance?

    --
    "What the American public doesn't know is what makes them the American public." -Ray Zalinsky (Tommy Boy)
  28. Relative Poverty Value? by scorp1us · · Score: 2, Interesting

    It seems to me today that "poverty" is on par with 1960s luxury, so what's the point?
    We have air conditioning everywhere. We have freely available water. Everyone can have a phone, but not just a phone, a cellphone. We have freely available internet.

    I'm not a social scientist, so I am legitimately asking "what is the point to eradicating poverty?" Is it just an attempt to integrate a disenfranchised segment of the population - a persistent segment that ever since we moved out of tribes and into larger societies we've had. At what point are these people choosing poverty, and if that is the case why should we care? The current mother of the POTUS managed not to live in poverty, and have a son that went on to lead the free world.

    I've been told by y social work friends that the city I live in has sufficient finds and resourced for the homeless. However the vast majority of these are people with mental problems who are high-enough functioning to not be compelled into assistance, who then go out and choose this lifestyle. If that is the case, then I don't think we can ever solve poverty.

    --
    Slashdot's rate-of-post filter: Preventing you from posting too many great ideas at once.
    1. Re:Relative Poverty Value? by Hatta · · Score: 5, Interesting

      It seems to me today that "poverty" is on par with 1960s luxury, so what's the point?

      In 1960 a college graduate could own a home and support a family on one full time salary. In 2012, positions like that are vanishingly rare.

      At what point are these people choosing poverty

      Perhaps you didn't notice the recent financial crisis and the boom in unemployment. Do you think these people "chose" to be unemployed? Did you choose to be this obtuse?

      --
      Give me Classic Slashdot or give me death!
    2. Re:Relative Poverty Value? by khipu · · Score: 2, Insightful

      In 1960 a college graduate could own a home and support a family on one full time salary. In 2012, positions like that are vanishingly rare.

      You can easily buy an home that's the size and style of the 1960's and furnish it with 1960's-level furniture and technology: a phone, a TV receiving three channels, and not much else.

      If you want two cars, modern health care, iphones, cable, Internet, large screen TVs, video game consoles, two garages, 2500 sq ft, all close to the highway, coast, and a major urban center, however, then it's going to cost you more.

      Your choice.

    3. Re:Relative Poverty Value? by Hatta · · Score: 2

      You can easily buy an home that's the size and style of the 1960's and furnish it with 1960's-level furniture and technology: a phone, a TV receiving three channels, and not much else.

      Bullshit. I pretty much do this, but pay one bill for the modern equivalent to phone service. I might have enough for a house in 10 years, with the help of my GF, if we don't have any kids, assuming steady employment for the next decade.

      If you want two cars, modern health care, iphones, cable, Internet, large screen TVs, video game consoles, two garages, 2500 sq ft, all close to the highway, coast, and a major urban center, however, then it's going to cost you more.

      It might surprise you to find that people in the 60s living one one income and raising a family were able to live in the city and buy toys for their kids.

      --
      Give me Classic Slashdot or give me death!
  29. Re:trickle down by na1led · · Score: 2

    If you base poverty level on what people receive for assistance, then over half the population is poor. They can fudge these numbers anyway they want for propaganda, just like they do with unemployment numbers.

    --
    -- By all means let's be open-minded, but not so open-minded that our brains drop out.
  30. Re:Politics and "math" by miltonw · · Score: 2

    The "poverty line" and all the "official" U.S. definitions for what constitutes "poverty" became completely political some time ago. The result is that we really don't know how many people in the U.S. truly need help. Are the real numbers going up or down? Is the "War on poverty" having a good effect or is it making things worse. I'm sure someone knows but after the figures have been "adjusted" for political purposes we, the people, just don't know. Of course, that's deliberate.

  31. Poverty rate by Enderandrew · · Score: 4, Informative

    "According to a 2011 paper by poverty expert Robert Rector, of the 43.6 million Americans deemed to be below the poverty level by the U.S. Census Bureau in 2009, the majority had adequate shelter, food, clothing and medical care. In addition, the paper stated that those assessed to be below the poverty line in 2011 have a much higher quality of living than those who were identified by the census 40 years ago as being in poverty."

    http://en.wikipedia.org/wiki/Poverty_in_the_United_States

    These days we count poverty as economic disparity, which is not the historical definition of poverty. Today, if you have access to medical care, housing and food, we state that you are living in poverty. That is not to say there aren't those living in legitimate poverty.

    Malnourishment is down, and yet we insist poverty is near all-time highs.

    --
    http://blindscribblings.com - Tasty pop-culture in conceptual fashion.
    1. Re:Poverty rate by Hatta · · Score: 3, Insightful

      Malnutrition is down, but obesity is up. The symptoms of poverty change depending on social/cultural context, but it's still poverty.

      --
      Give me Classic Slashdot or give me death!
    2. 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.
  32. Re:Promises, promises. by miltonw · · Score: 2

    We "hope" the "changes" won't make things worse. But they always do.

  33. Money Does Trickle Down by geoffrobinson · · Score: 3, Interesting

    The economy isn't a zero-sum game. If someone is doing well, they usually invest the money (hopefully being put to productive use) or they exchange their money for goods and services.

    The problem is frankly monetary policy. I know, I know. I'm a crazy Ron Paul-type.

    Here's what I think is going on. Since we left the gold standard, the amount of money has increased by a lot. Where newly printed money hits the system first (like Wall Street for example) those people get to use the money first and get a big benefit. By the time that money trickles down to the rest of society, all those newly printed dollars mean a loss of purchasing power and the overall value of each dollar.

    Almost any chart I've seen about how workers are doing worse from a variety of different sources, the point in the chart where everything goes crazy is the early 70s. 10 years prior to Reagan, but the same time Nixon took America off the gold standard.

    --
    Except for ending slavery, the Nazis, communism, & securing American independence, war has never solved anything.
    1. Re:Money Does Trickle Down by uniquename72 · · Score: 4, Insightful

      Obviously, money doesn't trickle down. Rich people are richer today compared to anyone else since the '20s. If 'trickle down' worked at all, we'd be living a utopia with lower unemployment and poverty than ever.

      The obvious problem with 'trickle down' and pretty much all Randian 'economics' is that it ignores:
      a) the fact that most rich people don't get their money from producing,
      b) the U.S. isn't a closed system, so Mr. Rich Guy very likely keeps and spends a large amount of his $$ outside of the U.S. (and if he's just investing it or keeping it in a bank there, the money is actually trickling UP rather than down), and
      c) money hoarding. The idea that the rich are building new businesses with their cash ignores reality, where more money is being sat on right now than at any time in history.

  34. Re:trickle down by operagost · · Score: 2

    I would also like to add that for people who have never been told how to manage money, putting them on assistance doesn't help that issue. They will expect the income and find it more difficult to get off of it. Even if I thought it was OK to steal money from middle class people to give it to slightly poorer (but still middle class) people, it would just make people who are capable of supporting their families LESS capable in the long run.

    --

    Gamingmuseum.com: Give your 3D accelerator a rest.
  35. 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."
  36. Re:trickle down by Anonymous Coward · · Score: 2, Insightful

    It's not the Celicas we are worried about. It's the 40-year defined benefit pensions that are worth way more than the 20- to 30-year teaching career. You have teachers retiring in their mid-50s living on pensions for 35 years that are much better than those of other taxpayers and citizens that must foot the bill. In many places you have teachers getting benefits based on their salary on the last year worked rather than based on average lifetime earnings which is what everyone else in the private sector contends with. At the same time you have politicians granting these huge perks to get elected, knowing they won't be in office when the bill comes due.

  37. Re:trickle down by mcgrew · · Score: 5, Insightful

    That's a Republican lie. Wealth is not created in the boardroom, it's created in the programmer's cube, the recording studio, the factory floor, the fry-cook's stove, the copper mine. Wealth is created by the poor and middle class.

    Wealth doesn't trickle down, it flows upwards. The wealthy don't create wealth, they aggregate and control wealth.

  38. they aren't capitalists by circletimessquare · · Score: 4, Insightful

    they are rent seeking parasites

    a capitalist wants a marketplace of equals competing (which is only maintained by health regulations)

    a rent seeking parasite will talk about capitalism a lot, but what they really want is their monopoly or oligopoly preserved. so any government regulation or taxation is evil and anti-capitalist... when of course, the monopoly or oligopoly whining about capitalism is the genuine anti-capitalist force

    the greatest enemy of capitalism is not "socialism" (the random bogeyman curse word that has no relevant meaning in the USA), it is anti-competitive practices by entrenched large players, including corrupting our government

    --
    intellectual property law is philosophically incoherent. it is your moral duty to ignore it or sabotage it
    1. Re:they aren't capitalists by iluvcapra · · Score: 5, Insightful

      a rent seeking parasite will talk about capitalism a lot, but what they really want is their monopoly or oligopoly preserved.

      Never trust someone who says he "believes in capitalism" unless he's been bankrupt at least once.

      Rich people too easily to confuse capitalism with "everything that's making me rich at this moment." Everybody basically sees themselves as a good person, and as long as rich people are rich, they're going to generally believe that they "deserve" it on some kind of moral level, even though a political economy cannot be simultaneously free by a libertarian's definition and reward social virtue, the two are orthogonal. Most philosophers have recognized this for hundreds of years, which is why thoughtful free-marketers at least as far back as Adam Smith generally advocated progressive taxation and transfers, Friedrich Hayek believed in government health insurance, etc.

      The fact is, nobody really believes in capitalism in extremis, what they really fight for is the right to make money the way they remember their parents did, and to a lesser extent how they know previous generations did, based on prevailing historical narrative.

      This phenomenon is very similar to the fight over gay marriage: gay marriage opponents claim they're fighting for a sanctified, thousand-year-old tradition, when in fact they're really fighting for the institution as it existed, religiously and socially, circa 1975, around the time their parents were married.

      --
      Don't blame me, I voted for Baltar.
    2. Re:they aren't capitalists by iluvcapra · · Score: 5, Interesting

      This stuff's been floating around for years:

      Yer Adam Smith in Wealth of Nations:

      The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. A tax upon house-rents, therefore, would in general fall heaviest upon the rich; and in this sort of inequality there would not, perhaps, be anything very unreasonable. It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.

      There is an argument that this quote is taken out of context, in that it appears in a long passage where Smith denigrates various methods of tax collection, but most people agree that even if he is opposed to a tax on income, he is supportive of a tax regime which is progressive in effect, regardless of how it's collected.

      Hayek in Road to Serfdom:

      Nor is there any reason why the state should not assist individuals in providing for those common hazards of life against which, because of their uncertainty, few individuals can make adequate provision. Where, as in the case of sickness and accident, neither the desire to avoid such calamities nor the efforts to overcome their consequences are as a rule weakened by the provision of assistance, where, in short, we deal with genuinely insurable risks, the case for the state helping to organise a comprehensive system of social insurance is very strong. There are many points of detail where those wishing to preserve the competitive system and those wishing to supersede it by something different will disagree on the details of such schemes; and it is possible under the name of social insurance to introduce measures which tend to make competition more or less ineffective. But there is no incompatibility in principle between the state providing greater security in this way and the preservation of individual freedom.

      The counterargument to this is that the text systematically rejects any mechanism by which a state could operate such a system, only that it should "help to organize" such a system. So I guess it depends on your sense of the term "help."

      --
      Don't blame me, I voted for Baltar.
    3. Re:they aren't capitalists by iluvcapra · · Score: 3, Informative

      But here, Adam Smith fails economics: as many modern economists recognize, taxes on business (which includes rental) are inevitably passed on to the consumer.

      Eh are you sure about that? Tax incidence is dependent on the price elasticity of the taxed good. If a good has inelastic supply, or elastic demand, a seller is limited to the extent that he can pass-on taxes, because higher price points will simply cause the buyers to purchase less. If the demand for a a good in inelastic, like gasoline, all of the cost can be passed on because the consumer lacks the bargaining power to seek alternatives. That's what happens if you follow the deadweight losses, anyways.

      This is why physiocrats and Georgists believed that a Single Tax on land was the only truly enlightened form of taxation, because undeveloped land has a perfectly inelastic supply and there is, thus, 100% of the tax is passed on and there is zero deadweight loss. It's a perfectly neutral tax, in that it neither encourages nor discourages any economic activity -- a landowner has to pay tax on his land, but if he were a renter his cost situation would be identical, except for premium rents charged for development on the land, which are priced in the open market. It never really took off because most of the people on Earth that own land are also relatively powerful politically :) Adam Smith wasn't a Georgist, but he inspired many of their ideas.

      The idea that companies uniformly pass on all their taxes to their customers is little more than corporate propaganda, and not grounded in any economic theory. It is sometimes the case but the truth is much more complicated.

      --
      Don't blame me, I voted for Baltar.
    4. Re:they aren't capitalists by iluvcapra · · Score: 3, Informative

      Just to complete the thought, you should read more about ground rents and the problem of retierism in general. Economists of the 19th century were the first to become dimly aware of the fact that people were able to extract wealth by buddying-up with the government, and they realized that the most important way they did this was by taking control of land freehold. They saw the institution of land title as the original form of rent seeking, because it allowed the owner to charge money for nothing -- they lived in an era where a landowner would charge a renter for land that was completely undeveloped, many of these economists attacked tax-free landholding the way people on slashdot attack eternal copyright. It's basically the same mechanism. Nowadays land is developed and rent value is based on the level of development, so ground rents aren't as visible to most people anymore -- though they still come up, and they absolutely exist under other circumstances, like copyright. Basically, whenever the government declares something is ownable, it creates the potential for rents, and policy comes down to how well the government balances these rights against the unavoidable waste and inefficiencies.

      PS. Marx, directly following Adam Smith's program, went on to apply the principle to labor with the Labor Theory of Value, but it's not clear labor really works that way or that an employer "owns" employment openings in the same way that a landowner owns land, or that surplus labor-power is really a form of rent.

      --
      Don't blame me, I voted for Baltar.
  39. Re:Official MinTruth Statement by phantomfive · · Score: 2

    Not one executive level banker has so much as been arrested for any of the crimes they've committed.

    What crime has an executive level banker committed that they should be arrested for?

    My understanding is the bankers knew the law well, and stayed exactly inside what was legal. They are greedy, deceiving, thieves, but they aren't stupid.

    --
    "First they came for the slanderers and i said nothing."
  40. Re:Poverty? Gimme a break. by amorsen · · Score: 5, Insightful

    First off, working 80 hours nets you 100 hours of pay via overtime.

    Only if the 80 hours are on the same job.

    --
    Finally! A year of moderation! Ready for 2019?
  41. Rent seekers love government regulation by John+Jorsett · · Score: 5, Insightful

    a rent seeking parasite will talk about capitalism a lot, but what they really want's is their monopoly or oligopoly preserved. so any government regulation or taxation is evil and anti-capitalist

    That's nonsense. Rent-seekers ADORE government regulation. It puts smaller competitors at a disadvantage, erects barriers to entry, and if the rent-seeker is politically well-connected, lets the rent-seeker employ regulators as its personal enforcement arm against interlopers in its markets.

    1. Re:Rent seekers love government regulation by circletimessquare · · Score: 4, Insightful

      i agree, i just need to check to see you understand the options to this horrible status quo:

      1. no regulation. which means they dominate by fiat: they cheat in the market and squeeze the consumer and the smaller competitors

      2. proper regulation. which means a government uncorrupted by large corporations

      #2 is not easy. but #1 is clearly worse

      what drives me a little nuts is people who see large corporations corrupting the government, and they think the solution is to remove regulations and government, rather than removing the corruption. removing the government and regulations just makes the large corporation's abuse of the consumer and smaller competitors even easier!

      --
      intellectual property law is philosophically incoherent. it is your moral duty to ignore it or sabotage it
    2. Re:Rent seekers love government regulation by Grishnakh · · Score: 2

      I don't know how that term could be confusing. They're not seeking to pay rent, they're seeking to collect rent. That should be obvious. It's like a troll under a bridge (which he didn't even build himself), wanting to collect a toll from everyone that passes.

    3. Re:Rent seekers love government regulation by Bill_the_Engineer · · Score: 3, Insightful

      Rent-seekers ADORE government regulation.

      Actually "Rent-seekers" ADORE government regulations that they themselves lobbied for which gives them an unfair advantage. "Rent-seekers" ABHOR government regulations that threaten to impede their self-interest. When they proclaim themselves to be libertarians and speak of abolishing government regulations, they are naturally only speaking about those pesky regulations that hurt their bottom line despite of the benefits that they bring to the community.

      I place "Rent-seekers" in quotations, since slashdot loves throwing stereotypes around like they are axioms.

      --
      These comments are my own and do not necessarily reflect the views or opinions of my employer or colleagues...
    4. Re:Rent seekers love government regulation by Curunir_wolf · · Score: 4, Interesting

      It's only "worse" if I accept your premises about what it means. We had a lot less regulation in the past than we do now, and entrepreneurial opportunities were much greater. It has recently been estimated by the Small Business Administration that small businesses pay over $10,000 per employee in regulatory costs alone. It costs a huge amount of money today to start even a modest business.

      You're also downplaying the "not easy" part of whatever regulation you're supporting as "proper" - and if it's anything close to the current regime, then "not easy" is downright impossible. And the reason for that is the costs for not playing the Lobby game become much higher than playing the Lobby game. These days, if you don't play, you automatically lose. That invites corruption, and it's almost impossible to rout out.

      Just look what Obama has done: to appear unbeholden to "lobbyists", he pledged not to accept donations from them. So the people that register as lobbyists don't get access. Instead, there are unregistered "bundlers" that do all the massive fundraising, and since they are not required to register, their activities are much less transparent.

      --
      "Somebody has to do something. It's just incredibly pathetic it has to be us."
      --- Jerry Garcia
    5. Re:Rent seekers love government regulation by mcgrew · · Score: 2

      I'm afraid your link is firewalled off here: "politics/opinion". An OPINION piece is worthless. The FACT is that 50 years ago the air in front of the Sauget, IL Monsanto plant burned your lungs. The FACT is that it no longer does; nowdays the worst is an occasional hint of a whiff of bleach. Vegetation there has gone from brown in the '60s to healthy green today. The FACT is that rivers and streams no longer catch fire. The FACT is that things started improving shortly after the enactment of the Clean Air Act and Clean Water Act (signed into law by Republican President Nixon).

      That is not opinion, that is fact. Can you offer any other explanation besides regulation that changed things? If I throw an egg on the wall and the wall is sticky, there's little argument as to what caused what -- effect does not come before cause except in a time travel science fiction story.

      1. California has stable electricity
      2. California deregulates
      3. California has brownouts

      You're saying that deregulation had nothing to do with it? Give me a link... NOT a link to some right-wing blog, a link to a reputable news source like the NYT or even Fox if you must. Don't throw me a link to some drug-addled sex tourist right wing blabbermouth on the radio, or dumbasses like him. At least offer a coherent explanation as to why the deregulation had no effect on the brownouts, and it will have to be more than "It's the corporate / administrator elites working together to screw the rest of us"; they're ALWAYS working together to screw the rest of us.

    6. Re:Rent seekers love government regulation by Curunir_wolf · · Score: 2

      I'm afraid your link is firewalled off here: "politics/opinion". An OPINION piece is worthless.

      I don't know WTF you're talking about or responding to. Do you know how to use the Internet? What a totally worthless attempt to dismiss a fact - one that everyone already knew about, (that is, Monsanto's "former" executives taking over agencies in charge of regulating them).

      The FACT is that 50 years ago the air in front of the Sauget, IL Monsanto plant burned your lungs. The FACT is that it no longer does; nowdays the worst is an occasional hint of a whiff of bleach. Vegetation there has gone from brown in the '60s to healthy green today.

      Actually, those are assertions by you, and screaming "IT IS FACT OMG FACT FACT" does not make it so. This is much more like "opinion".

      The FACT is that rivers and streams no longer catch fire. The FACT is that things started improving shortly after the enactment of the Clean Air Act and Clean Water Act (signed into law by Republican President Nixon).

      Ah, of course, nothing could be done until the all-powerful Federal government could come around and bash some heads. The pollution around Sauget caused by Monsanto was bad (even if your assertions were wrong), but the clean up started before the clean air and water acts. Because the PEOPLE that were LOCAL had a problem and started to do something about it. People downstream were complaining. Claiming that the correlation with the EPA powers caused the cleanup to start is bullshit.

      Can you offer any other explanation besides regulation that changed things?

      Call it what you want, people do not want pollution and will work to stop it, as has happened all over the country locally and nationally.

      The question is not the straw man you are creating that produces a choice between "no regulation" and "ample regulation", it's the difference between oppressive regulation that leads to tyranny, and reasonable regulation that provides the protection that people want.

      You know how the EPA has become oppressive? They have a law that says, basically, that it is unlawful to "discharge pollution into the navigable waters of the US." That's reasonable, right? We want that kind of regulation, right? BUT, today, they claim that "dirt" is a pollutant, and that a puddle is "navigable waters". WTF? Yep, total oppression, it's so bad you CANNOT EVEN KNOW WHEN they are going to claim you're a polluter, or have any idea what you can do with your land! Check out what they did to the Sacketts. Sure, they eventually won some relief, but only after a 5-year court battle, and the EPA is still going to keep going after them, they just won the right for a judge to hear the case. That's right, 5 years in court, all the way to the Supreme court, just to be allowed to have a hearing about what the EPA was doing to them.

      What you describe as "deregulation" to explain California's problems really wasn't deregulation at all. Sure, they CALLED it that, but it was a scam, and it was successfully pulled off because the NIMBY Californians refused to allow ANY new power generation plants to be built for 20 years, even as they demanded more electricity. So electricity kept getting more expensive and these guys came in with a "plan" to "deregulate" which would "lower costs". All bullshit. The scam has been tried all over the country but most people are onto it now.

      Frankly, you should have been tipped off to the "deregulation" scam right away - Electricity is a natural monopoly (certainly the transmission infrastructure is), and the type of industry that needs close oversight. What was sold by the oligarchs as "deregulation", was a scam not much different than the "carbon trading" scam they are trying to pull right now. It's a phony trading scheme where the traders make all the money and the producers and consumers are the ones that get screwed.

      --
      "Somebody has to do something. It's just incredibly pathetic it has to be us."
      --- Jerry Garcia
  42. Re:Official MinTruth Statement by l0ungeb0y · · Score: 3, Interesting

    Well considering that Nixon took the US off the Gold Standard, effectively turning into a "fiat currency" that the bankers have complete control over -- you may have made a very profound point.

    For it was Jefferson that predicted that the Bankers and Corporations would enrich themselves and cast the people into poverty. In 2000, a family of four making $90k a year was considered poverty level in Silicon Valley. Now days it would not surprise me to see that bar raised to $125,000 since US buying power has fallen sharply and greatly increased gas prices have led to greater costs for food (up 30% over the last ten years) and other basic living necessities.

    At the rate we're going, with raising gas and food prices and climate change slated to increase and make farming harder -- most every middle-class American will hit poverty level in the next decade. Or so that's what MIT, the Pentagon and a couple other research Institutions predict.

  43. Re:Official MinTruth Statement by roman_mir · · Score: 2, Insightful

    The destruction of US freedom started with Theodore Roosevelt, the total destruction of US dollar happened with Nixon, as he defaulted on the dollar and started the real exodus of the investment capital elsewhere, where the savings could be still used productively, rather than to grow more government.

  44. Re:Poverty? Gimme a break. by Anonymous Coward · · Score: 2, Insightful

    Here in Missouri, you only get overtime if you're working at the same job. If you have three part-time jobs (say 30, 30 and 20 hours) you don't get overtime pay and you don't get health benefits either.

    $7.25 at 80 hours is $580 a week. 4.3 weeks in a month is $2,494. Assume that with other expenses (food, transit, child care) you can spend 1/3 of your income on housing = $748.

    Try to find an apartment for $748 in most states. I think you're oversimplifying a bit.

  45. Re:Pay to be Poor by hattig · · Score: 2

    That is what is known as the benefits trap. Benefits have to be of a level to allow someone to survive - food, water, clothes, shelter. You know, the basics and maybe a couple of cheap nice things every so often. You could cut them of course, but don't be surprised if suddenly desperate people resort to increasingly violent crimes in order to survive, and slums are a really nice advert for a country's real level of advancement and civilisation.

    The real issue is that wages in many jobs are simply not high enough. Would you work 80 hours a week cleaning/waiting/etc just to live in just as much poverty as being on benefits gets you? From your position of privilege you would probably say "Yes", so I will dampen your enthusiasm by saying that in the real world, there is no "career progression" in these jobs, its that level of work for the rest of your life, to live in an apartment with damp/cockroaches/etc. That's if you can get a job, unemployment isn't exactly low. Yeah, yeah, should have tried harder in school, etc - but many people don't even get the opportunity to get a good education.

    Btw, you should note that people on benefits usually spend all their benefits just to survive. I.e., all money being spent on benefits actually ends up back in the economy.

  46. Re:Poverty level by CanHasDIY · · Score: 3, Insightful

    The news report quantifies the US poverty level as a pair of statistics:

    The 2010 poverty level was $22,314 for a family of four, and $11,139 for an individual, based on an official government calculation that includes only cash income, before tax deductions.

    But it doesn't go on to describe the lifestyle of a person in that income group. I mean, suppose a person chooses to live without a car, a yearly vacation abroad, or the latest iDevice. Surely that person's poverty level would be different from a person who chooses to have a car, take yearly vacations abroad, and buy the latest iPhone?

    Let's start with the individual:
    Average rent:$650 x 12= $7800/yr

    $11,139 - $7,800 housing cost = $3,339 left

    Average monthly grocery bill for a single male age 19-50 (without malnourished oneself): $250 x 12 = $3,000 grocery cost

    $3,339 - $3,000 = $339 left

    Average utility bill for > 700 sq. ft. apartment: $150/mo x 12 = $1,800

    $339 - $1,800 = -$1,461

    Go ahead and double the rent/utils, quadruple the grocery cost for the family of 4.



    Lifestyle has nothing to do with it.

    --
    An enigma, wrapped in a riddle, shrouded in bacon and cheese
  47. Let's really have a look at spending by Bysshe · · Score: 4, Interesting

    Check this out: Government spending by president. This shows that while Obama may have been spending a lot during a recession, something that many economists encourage to balance out the "good years", the real culprits of out of control government spending are Reagan, Bush and Bush.

    Reagan can also be somewhat forgiven due to the economic problems in the 80s and encouraging government spending to make up for the loss in business generated GDP, however he was there for 8 years... and that recession did not last 8 years.

    Just looking at the fiscal realities, Clinton was by far the best president if it weren't for the repeal of the Glass-Steagall act which set the stage for "too big to fail" banks. Still from a spending standpoint he's by far the best.

    Obama is overspending driven by rampant bankster cronyism stemming originally from the Bush era and into the Obama years. This started with TARP (Bush) and continued into QEII, III, and further. There's a good argument to be made that much of the current spending is momentum spending from the second Bush term.

    Ultimately we have to look beyond the last 3.5 years and really examine longer term track records before we conclude that the Dems overspend or the Repubs drive up debt.

    --
    Read what I mean, not what I wrote.
    1. Re:Let's really have a look at spending by Curunir_wolf · · Score: 5, Informative

      You know what? The Constitution puts the spending power in the hands of Congress, not the president. So, take a look at where the deficits are really happening

      --
      "Somebody has to do something. It's just incredibly pathetic it has to be us."
      --- Jerry Garcia
    2. Re:Let's really have a look at spending by expatriot · · Score: 2

      There is way too much blame dodging on both sides. Obama might not be motivating, but he inherited an economy that had fallen off a cliff. Neither party is doing enough to get the US out of the hole it is in.

      What is clear to all except bankers and politians is that we (the world) are not going to be the same again.

    3. Re:Let's really have a look at spending by iluvcapra · · Score: 3, Interesting

      The guy above has a chart of spending, you have a chart of deficits. The last Democratic congress had a large deficit because tax revenue fell off in the recession, and they refused to cut programs or raise taxes to bring the budget back into line, a policy the Republican congress has basically affirmed. They propose austerity budgets but they do so secure in the knowledge they won't get passed as long as the President and the Senate are controlled by Democrats, they're designed to be rejected and to "clarify" the choice for voters.

      Most of the increased spending in the last four years has been non-discretional, which means a congress, regardless of who controls is, can't stop it without cutting an existing program, and it automatically gets bigger during recessions, by design. Food stamps and unemployment benefits aren't rationed, they are paid to people who qualify, regardless of how many people qualify in a year.

      In the end, you have to attribute debt to the actual laws passed by whatever congress passed them. And by far, the single largest contributor to the national debt over the past 20 years would be a certain set of tax cuts that were passed in 2001 by a Republican senate, under reconciliation rules (thus no supermajority for cloture required), without matching spending cuts.

      --
      Don't blame me, I voted for Baltar.
    4. Re:Let's really have a look at spending by gl4ss · · Score: 3, Interesting

      Yeah yeah, the constitution and the congress. the organ that does what president tells it to do, since the president of usa can order anything he deems necessary - anything. the congress doesn't do shit to stop wars and defense expenses ballooing, so they just get to rubber stamp the expenses.

      the debt incurred by congress shoots to sky right after clinton leaves office and bush gets his terror-on-terror program going, then it shoots high again with housing and banking collapses.

      and ooh what do we have here? http://en.wikipedia.org/wiki/File:InflationAdjustedDefenseSpending.PNG . curious how the defense spending shoots up right there too. what should be worrying is that you're going to be paying a lot of money just for the interest rates of money loaned to wage war.

      (9/11 blahblahblah invading iraq necessary blahblahblah, doesn't matter, money is money and its' being pumped to whoever owns defense contractors, don't need to watch blackwater mockumentaries to know that)

      --
      world was created 5 seconds before this post as it is.
    5. Re:Let's really have a look at spending by iluvcapra · · Score: 2

      Oh, crooksandliars.com - well there's a credible, non-partisan source of information, for sure.

      I admit they lack the requisite number of bald eagles, statues of liberty, and flag porn that you'd expect from a reputable information source.

      I don't know where your block quote comes from, it's not in the linked document. The linked chart shows the trend of corrections to the CBO baseline over the last ten years, meaning, that $1.1 trillion for the EGTRRA isn't the cost of EGTRRA, but how much it cumulatively affected the "Clinton" surplus -- it's a delta, not an absolute. The total cost is not here, Ronald Reagan's former budget director estimates it was about $3.2 trillion including interest (this is, of course, for a tax cut that was supposed to grow the economy and produce zero revenue fall-off).

      --
      Don't blame me, I voted for Baltar.
    6. Re:Let's really have a look at spending by StormyWeather · · Score: 2

      Reagan couldn't get the cuts he wanted through the Democrat senate even though they promised him when he increased spending to pull out of the recession they would cut spending afterwards. http://uspolitics.about.com/od/usgovernment/l/bl_party_division_2.htm

      That's a visual guide, look for the control of senate during his terms.

      Some of our best spending control was in the 104th when the republicans forced Clinton to balance the budget. I wouldn't mind a house and senate controlled by R's and a president controlled by a D if it worked out the same.

  48. Re:Poverty? Gimme a break. by Enderandrew · · Score: 2

    I'm going to go out on a limb and suggest there are more people who work one job full-time than work 3 part-time jobs.

    Google just returned the average apartment cost in St. Louis is $638. According to this link, you can get apartments in many Kansas City neighborhoods for $375.

    http://www.kcpremierapts.com/how-we-work/nitty-gritty/kansas-city-apartment-pricing.html

    --
    http://blindscribblings.com - Tasty pop-culture in conceptual fashion.
  49. Re:Pay to be Poor by nospam007 · · Score: 4, Informative

    "Who in the country actually works for minimum wage? A small number indeed, 1 to 2%."

    "In 2011, 73.9 million American workers age 16 and over were paid at hourly rates, representing 59.1 percent of all wage and salary workers.1 Among those paid by the hour, 1.7 million earned exactly the prevailing Federal minimum wage of $7.25 per hour. About 2.2 million had wages below the minimum.2 Together, these 3.8 million workers with wages at or below the Federal minimum made up 5.2 percent of all hourly-paid workers."

    http://www.bls.gov/cps/minwage2011.htm

  50. Real Criminals Wear Suits by bill_mcgonigle · · Score: 2

    Have a look at the chart . You can see the impact of technology (productivity) on wages during the mid 20th century. There's a very steady slope upwards. Then, with the big monetary change in 1971, the slope statistically flatlines.

    The trick is, productivity and technology have continued their slope. Project out the trend prior to 1971 to present, and take the area between the steady-state wages and the expected wages, and that's the money that's being systematically stolen from the American people. But, since prices are staying largely the same due to the march of technology, most people don't see what's going on.

    They also don't teach this kind of stuff in school, though it's easy enough to explain. At least our 'citizens' can quote 500-year-old playwrites, though, that's the important stuff.

    --
    My God, it's Full of Source!
    OUTSIDE_IP=$(dig +short my.ip @outsideip.net)
  51. Neither party will fix poverty by bladesinger · · Score: 2

    President Obama is a crony, just like George Bush. He is idolized by the left for his charisma and as a result of his ability to move people with populist rhetoric. But he is a crony too. His cabinet is full of ex-JP Morgan and ex-Goldman Sachs employees and his regulatory efforts have padded big businesses. His bailouts of the banks fattened the bonuses of Wall Street. To say he is not a crony is to ignore facts, which is a tendency of the American public as a whole.

    Note that I have not endorsed his contender, because he is terrible as well. But people- open your eyes. Government is corrupt too. Men are not angels!

    We do have a poverty problem. But neither Republican nor Democrat policies will fix it. Democrats think that giving poor people free money will fix poverty. Republicans think that giving rich people free money will fix poverty. How about giving nobody free money? Redistribution of wealth upwards does not work, and redistribution of wealth downwards does not work. If anything, the government should give entrepreneurs free money. So long as we live in a country where the government siphons enormous sums of money from productive people, we will have poverty. And so long as the people think that bigger government can fix systemic, structural issues in an economy, our future will look bleaker and bleaker.

    I recommend reading and listening to Thomas Sowell, who debunks these issues with impressive clarity. One of my favorite points of his regards foodstamps and starvation in general. He talks about his youth and how he had to work to feed himself, or he would literally starve. It's not exactly the same today.

    http://www.nationalreview.com/articles/273368/political-poverty-thomas-sowell

    http://www.nationalreview.com/articles/279037/hunger-hoax-thomas-sowell

    "We have now reached the point where the great majority of the people living below the official poverty level have such things as air conditioning, microwave ovens, either videocassette recorders or DVD players, and either cars or trucks.

    Why are such people called “poor”? Because they meet the arbitrary criteria established by Washington bureaucrats. Depending on what criteria are used, you can have as much official poverty as you want, regardless of whether it bears any relationship to reality." -Thomas Sowell

  52. Re:Poverty. Like the old days. by PPH · · Score: 2

    Actually, I can make a salad for under a buck. By purchasing the raw ingredients (lettuce, oil, vinegar, a few condiments) at the supermarket. I can buy apples and other fruit pretty cheap as well. But preparing food like this takes time.

    Fast food is full of starch, but not necessarily cheaper. Fast food is what I'd fall back on if I was busy watching Jerry Springer and all the other court TV shows instead of cooking something.

    --
    Have gnu, will travel.
  53. Re:trickle down by moeinvt · · Score: 3, Interesting

    "Apparently you have been asleep for a few decades. This is Hope and Change!"

    No, I think you and the author of the parent post have both been asleep for a few decades and were dreaming that you were awake.

    In the last few decades, BOTH Republicans and Democrats have had their opportunity to govern by simultaneously holding the Presidency and majorities in both houses of Congress.
    Furthermore, no other party has controlled either the legislative or executive branch in that time.

    They swap power back and forth, but the real legislative agenda never changes. Bigger government, military interventionism, reckless fiscal and monetary policy, stagnant real wages, special favors for the privileged elites, fewer civil liberties, more rules and regulations, etc. etc.

    Your partisan bickering is nonsense. U.S. politics is like pro wrestling. Yelling, fighting and bitter enmity in front of the cameras, then kicking back and having drinks together while they laugh at the fools who think it's "real".

  54. Re:Official MinTruth Statement by gtall · · Score: 2

    Actually, it was under Johnson that budgets got out of control. Johnson ramped up the Vietnam war and started many of the Great Society programs...I'm...errr...old enough to remember. When Nixon got in, we had still had both of those but then interest rates and inflation spiked. So Dick attempted wage and price controls. That failed....then he failed to continue to be President.

    Ford was in for too short a period. Then came Carter.

    Carter's problem was that he had all the leadership qualities of a slug. I don't recall much about his fiscal policies but at the time he left office unemployment had skyrocketed, as had inflation and interest rates because Paul Volcker had raised them to fight inflation.

    Then Reagan came in and did a deal with the Democrats to cut federal spending and cut taxes. The Democrats stabbed him in the back and he had to raise taxes instead. But Volcker's interest rates had damped down inflation by Reagan's second term whereupon tax reform finally happened and help flatten out rates and remove tax loopholes. But we still had mind-blowing deficits because it turned out you couldn't tax your way to surpluses, expenditures mattered.

    George Bush I more or less kept the story-line but the budget was breaking bounds again, it seems Congress couldn't stop spending, so he raised tax rates and lost the election to Clinton.

    Clinton attempted to raise government spending but 2 years in, he got a Republican Congress and they couldn't agree on spending priorities..other than to let Defense wither. Tax receipts started to go up because HillaryCare had been defeated and the Internet Bubble. Also, the housing bubble was just getting started. Clinton then bought the investment banks story that a modern banking system needed no walls between investment and commercial banking. That meant that the taxpayer would now be on the line if the investment banks screwed the pooch...which they promptly did by figuring out how to securitize home loans and sell the to the rest of the world being smart enough not to hold the hot potatoes they had created. They could screw the pooch knowing full well the taxpayer would save them.

    George Bush II thought this was just potty and the federal reserve failed to notice a housing bubble until tripping over it (but the American people hold most the blame by flipping houses, taking out mortgages they couldn't afford, etc....and there were many others with their straw in that soda). Bush also ramped up defense spending to pay for the wars but then didn't fund it because he'd already cut taxes since surpluses were to be had as far as the eye could see...which turned out to be not very far. When the surpluses failed to come into Immaculate Conception surprising the Conservatives, they conveniently forgot to go back and rescind the tax cuts.

    When it all came crashing down, Obama said "Me, Me, I will save America. Hope. Change." Except that he didn't, unfortunately for him he also got a Democrat Congress; both could realize their wet dream of Universal Healthcare. Except that they couldn't because the Insurance companies had too much clout, so we got a lot uncertainty about what it all meant...well, the bill was 2000 pages of complicated interactions. To make things worse, Obama bought into the Keynsian notion that he could spend the U.S. into prosperity. It wouldn't worked too but it was clear that they had no fiscal sense which spooked the rest of the economy into keeping its cash close to its vest thereby depressing economic activity. The EuroZone caught the flu from the Housing Bubble in the U.S. but also because they were an accident waiting to happen. It happened.

  55. Re:1960s vs 2010s by Hatta · · Score: 2

    1. The number of citizens with college degrees has gone up something like 300%.
    2. The average B.S./B.A. today is watered down considerably compared to 1960.

    True, but many people were also able to provide a good life for their family with jobs in manufacturing.

    3. There are a few tens of millions more women in the workplace now than compared to then (or at least pre-2008 crash there were)

    More women with more buying power means more demand and more work to fill that demand. Adding more workers should make everyone wealthier. If it doesn't that means there is something terribly wrong with the economy.

    4. There are conservatively 12 million illegal immigrants doing low-skilled and unskilled jobs and their illegal status makes it impossible for them to demand a decent wage.

    Legalize them, and raise the minimum wage to a livable level. Like above, more workers should make everyone wealthier.

    Meanwhile, all we hear about is just outsourcing as though outsourcing all by itself killed everything

    It's not just outsourcing. It's the death of the union as an effective advocate for the working class. Outsourcing is just one workaround. The solution, like always, is a global workers union.

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    Give me Classic Slashdot or give me death!
  56. Re:trickle down by shaitand · · Score: 2

    I'm sorry but your definition of "still middle class" is a bit skewed if you think it applies to food stamp receipients. A person can't have more than $3000 worth of assets, total and can't make more than $908/month and get food stamps.

    Let's do some math. Typical minimal rent $600. Minimal Utilities gas $50, electric $50, water $20, insurance for your beater $60. We are down to $120. If we go with 10 miles a day travel between driving to work and back, only required errands, etc at $0.50 a mile we are at negative $30. That person better not get sick, have incidental expenses, want to retire, etc. Now lets give that person a high food stamp benefit of $150. This brings them $120 to the good. Every try to buy groceries for a MONTH on $120? That isn't easy even on nothing but beans. Now try eating healthy food for that. Again, as long as they don't get sick (remember ER charity is a myth, they check to see if you are at risk of death and send you on your way) or have incidentals.

    I don't know what method of managing finances you use but I've yet to hear of one that works when running a deficit. In fact, most of them depend on running a minimum of 20-25% surplus income and padding by as much. These kind of margins require you to be toward the higher end of the actual middle class or the mid spectrum of the middle class and living like you are the $908 earner above. Of course to be middle class in this country and under 40 requires a college degree or at least some college so you are going to have student loans. Paying $15,000/year plus to sit in a lecture hall with 200+ other people for a couple hours a day for what should essentially be a non-profit service doesn't quite seem right but I'm sure that money is going somewhere. At the end of the day it most likely ends up in the pocket of someone complaining that they have to pay taxes to cover food stamps.

  57. Re:Poverty. Like the old days. by GlennC · · Score: 3, Insightful

    You can do that...where you are, and where you can drive to the supermarket.

    Try going to a neighborhood where there is a lot of subsidized housing, and try finding your raw ingredients anywhere you can walk to. Most supermarket chains have left impoverished areas, and the only place to get groceries are places like Dollar General or convenience stores. The selection of fruits and vegetables there is lacking, to put it mildly.

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    Go on, citizen, stamp the vote card. R or D, your choice.