Graphic via. PunditKitchen.com
By the Left Coast Rebel
Even the AP can't sugarcoat this one.
The Census Bureau just came out with new data showing one in six Americans are now living in poverty.
But I thought that Messiah was going to roll back the seas and save us all from ourselves?
Who knew that hope-and-change meant unfettered, runaway poverty:
We Tea Partiers knew Obama's Keynsian redistribution would send our basket-case economy into a terminal tailspin. Perhaps even we didn't know just how bad it would get.
The ranks of America’s poor swelled to almost 1 in 6 people last year, reaching a new high as long-term unemployment left millions of Americans struggling and out of work. The number of uninsured edged up to 49.9 million, the biggest in more than two decades.
The Census Bureau’s annual report released Tuesday offers a snapshot of the economic well-being of U.S. households for 2010, when joblessness hovered above 9 percent for a second year. It comes at a politically sensitive time for President Barack Obama, who has acknowledged in the midst of a re-election fight that the unemployment rate could persist at high levels through next year.
The overall poverty rate climbed to 15.1 percent, or 46.2 million, up from 14.3 percent in 2009. The official poverty level is an annual income of $22,314 for a family of four. (READ THE REST)
If all that isn’t bad enough, the Congressional Budget Office predicted that the unemployment rate will hover around 9% for at least the next year. So expect the poverty numbers to be even worse next year.More at Memeorandum, Hot Air, Pirate's Cove, Pajamas Media, The Lonely Conservative and Don Surber.