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Old 11-03-2011, 07:36 PM
 
1,147 posts, read 909,289 times
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Quote:
Originally Posted by 90sman View Post
And yet the stock market keeps going up and up.
The stock market has not a thing to do with the economic reality that the middle class and under has to live in. Not a thing.

Correlating the two is an idea whose time has passed.
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Old 11-03-2011, 09:55 PM
 
Location: Earth
17,440 posts, read 28,600,002 times
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Quote:
Originally Posted by Isitmeorarethingsnuts? View Post
And it will soon be that way in this country too. I wonder which countries are going to welcome our poor and give them all these options.

Our poor don't have the option of moving to Canada or Mexico to try to compete in their job market. Those countries have recognized borders.
Borders can be overwhelmed...
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Old 11-03-2011, 11:02 PM
 
25,157 posts, read 53,943,694 times
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Of course. What did you expect?
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Old 11-03-2011, 11:10 PM
 
Location: the very edge of the continent
89,009 posts, read 44,813,405 times
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Quote:
Originally Posted by freemkt View Post
SRN News : Poorest poor in US hits new record: 1 in 15 people


The ranks of America's poorest poor have climbed to a record high _ 1 in 15 people _
That should come as absolutely NO surprise to anyone. Those receiving public assistance have a birth rate 3 times that of everyone else.

The poorest poor are outbreeding everyone else by a ratio of 3 to 1. The dependent class is growing exponentially larger than those who have to pay to support them. In other news, water is wet.
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Old 11-04-2011, 12:53 AM
 
Location: Blankity-blank!
11,446 posts, read 16,184,746 times
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Quote:
Originally Posted by freemkt View Post
SRN News : Poorest poor in US hits new record: 1 in 15 people


The ranks of America's poorest poor have climbed to a record high _ 1 in 15 people _ spread widely across metropolitan areas as the housing bust pushed many inner-city poor into suburbs and other outlying places and shriveled jobs and income.
New census data paint a stark portrait of the nation's haves and have-nots at a time when unemployment remains persistently high. It comes a week before the government releases first-ever economic data that will show more Hispanics, elderly and working-age poor have fallen into poverty.
Capitalism works!
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Old 11-04-2011, 07:50 AM
 
Location: Brooklyn
40,050 posts, read 34,600,599 times
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If one out of every 15 people in this country are poor, all you really have to do is change the definition of poverty (which is probably in the works even as I type these words), and voila! Shiny new statistics say fewer Americans are poor.
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Old 11-04-2011, 07:52 AM
 
Location: the very edge of the continent
89,009 posts, read 44,813,405 times
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Quote:
Originally Posted by Visvaldis View Post
Capitalism works!
Capitalism isn't the problem. Overbreeding is. Those who receive public assistance have 3 times the birth rate of everyone else. The welfare-dependent class is growing exponentially, 3 times the rate of those who have to pay to support them.
Quote:
"The 1996 Personal Responsibility and Work Opportunity Reconciliation Act (PRWORA) gave states greater flexibility to formulate and implement initiatives to reduce welfare dependency and encourage employment for members of low-income families with children. For the nation, in 2006, 10 years after passage of the Act, the birth rate for women 15 to 50 years old receiving public assistance income in the last 12 months was 155 births per 1,000 women, about three times the rate for women not receiving public assistance (53 births per 1,000 women)."
http://www.census.gov/prod/2008pubs/p20-558.pdf

And very similar stats in the 2010 release:
Quote:
"For the nation, the birth rate for women receiving public assistance was 160 births per 1,000 women, almost three times the rate for women not receiving public assistance (56 births per 1,000 women)."
http://www.census.gov/prod/2010pubs/p20-563.pdf

Who thinks that's sustainable? Who thinks taxpayers will be able to afford to keep paying more and more to financially support an exponentially growing welfare-dependent class?
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Old 11-04-2011, 08:44 AM
 
23,976 posts, read 15,078,314 times
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I'm not for a minute suggesting that poverty is not increasing.

I will say none of these studies takes the underground economy into consideration.

There is a vast deep and wide underground economy in Texas. Couples live as a family unit. Only the mom's wages are accounted for when she applies for benefits.

Contractors report just enough income for SS purposes. Anything over, they just cash the checks and do not report anything to anybody.

Most kids who get reduced and free lunch at our local high school have $100 shoes and cell phones.

The system is being gamed by folks who have had years to figure out how to do it.
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Old 11-04-2011, 10:04 PM
 
20,948 posts, read 19,049,136 times
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Quote:
Originally Posted by freemkt View Post
But with such high unemployment, shouldn't rents be falling rather than soaring? Maybe it's greedy landlords?

It is the combination of high joblessness and soaring rents that is driving up the food stamp numbers. (Eligibility driven by income minus (housing + medical expenses)).

Note that if/when there is substantial job growth, rents will soar even more and therefore might drive up the food stamp numbers even more.
Government intervention is at the root.

The left want more of the same.
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Old 11-04-2011, 10:05 PM
 
20,948 posts, read 19,049,136 times
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Quote:
Originally Posted by freemkt View Post
Do you really believe we have a 90% employment rate? Employment rates for working-age men have been falling for a number of years.
Yup.

and that number is three....what does that coincide with?
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