Is it simply coincidental that today is the 8th anniversary of 9/11
and The Center on Budget and Policy Priorities in the US reported this sad economic picture of the US:
Center on Budget and Policy Priorities on why it all matters:
Some of the key findings are:
Median household income declined 3.6 percent in 2008 after adjusting for inflation, the largest single-year decline on record, and reached its lowest point since 1997.
The poverty rate rose to 13.2 percent, its highest level since 1997. The number of people in poverty hit 39.8 million, the highest level since 1960.
The number of people who are uninsured jumped by 682,000…and reached 46.3 million.
And then there is the newly announced disastrous budget deficit numbers over the next decade announced by President Obama last week!
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- The depressing income and poverty data (blogs.reuters.com)
- Household income falls as poverty rises (timesunion.com)
- Bush’s Parting Gift: Poverty Rate Rose in 2008 (mydd.com)