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U. S. Poverty Level Increasing to Levels of the 1960s
Poverty Level is Increasing to Levels of 1960s
The November election is just around the corner and our president it hot on the campaign trail trying to convince every one of how things are improving, but unfortunately that isn’t true because the U. S. poverty level is increasing to levels of the 1960’s. The working poor are seeing an apparent poverty rate increase rise from 13.2% to 15%. Unemployment figures also continue to rise. Obama states we are seeing “painfully slow” economic growth; but where is that growth? I don’t see it. Actually six demographers who tract poverty trends found wide consensus that 2009 figures likely show the poverty rate to increase to 14.7%-15%.
War of Poverty Failed
In 1965, when President Lyndon Johnson launched his war on poverty, which expanded federal programs role in social welfare programs. The result is we have never been free from poverty in our nation. Now it is rising again. Greater government spending and bigger government in general has never solved our problems.
In addition, during his presidency the federal government started borrowing funds from Social Security and that explains part of the reason this program we have all paid for is in so much trouble today.
Federal Jobs Double Wages of Private Sector
Obama still can’t quit talking about everything being all Bush’s fault. Do you remember that the last two years of the Bush presidency Democrats were in the majority in the Senate and the House? All tax and spending bills are initiated in Congress. Should Bush have vetoed some bills? I would have to say yes, and he also let government grow too large, but nothing compared to what we are living with now. Obama has had over 3 years to turn things around and is failing miserably. He had a Democratic House and Senate in his first 2 years, yet he had never had an approved budget.
Most of the jobs that Obama brags about are government jobs or union jobs. We all know that the unions raised massive amounts of money to get him elected, and I guess he owes them. Average full-time federal government jobs now exceeds $79,197 annually, which means the average federal worker compensation, including pay plus benefits, now exceeds $119,982 as compared to just $59,909 for the private sector. The government retirement program matches 5% if you put in 5% which is quite generous. Of course, the president wants to abolish all companies from matching saved wages for retirement.
Business thus Jobs are in Trouble
The Mom and Pop business owners are being hurt. Businesses in general are in a place where they cannot afford to hire and even though they need new equipment which would help other companies, but they can't afford the purchases.
People are generally afraid to spend any money they might have as they don’t know if Obama is going to let the Bush tax cuts run out. Plus he is requesting another $50 billion in new stimulus spending aimed at boosting the economy and avoiding layoffs. Even top Democrats are not enthusiastic about this plan. None of the previous stimulus money has solved many problems in the long term outlook, so why would he think more stimulus money is the answer now. Has the man taken Economics 101? We can’t keep spending money we just don’t have. Our national debt is almost $16 trillion dollars!!!
Austan Goolsbee to Replace Chirstina Romer
Now that Christina Romer is leaving, Obama has chosen Austan Goolsbee, a longtime adviser and an architect of his campaign’s economic message to be Chairman of the White House Council of Economic Advisers. He is another liberal, an economist at the University of Chicago’s business school and a current member of the council and executive director of the president’s Economic Recovery Advisory Board. So, he has chosen another friend from academia, a liberal who is already intimately involved in a failing policy. Does he never learn from his mistakes?
From a column in the New York Times earlier last year they revealed Goolsbee is the 15th wealthiest member of the Obama administration, with assets valued from $1,146,000 to $2,715,000. His University of Chicago salary is $465,000, and he receives additional wages and honor-aria worth $93,000 according to Washingtonian Magazine. This government research fellow and Obama campaign adviser was a champion of extending credit to the UN-creditworthy. He denied that those mortgages were irresponsible but called them “innovations in the mortgage market” to expand the number of home buyers
Former Secretary of State Hillary Clinton
Hillary Clinton Speaks Concerning Debt
It is essential that we as Americans realize that we are in serious trouble. Secretary of State Hillary Clinton stated last week that this trillion dollar deficit is a “message of weakness internationally. She further said it poses a national security threat in two ways: it undermines our capacity to act in our own interest, and it does constrain us where constraint may be undesirable.” I may not agree with all her reasoning but I agree with her premise.
It is time to make some big changes as we are headed in the wrong direction. We have to make this country into a place where small and big business can survive and grow. We do not want unions to run the country with Andy Stern the helm. We need to feel some financial security. We need to feel more protection from terrorists and know that those that are caught will suffer the consequences. Why hasn’t the Fort Hood terrorist come to trial? They certainly have enough witnesses. I want to feel like the country I live in is reasonable safe. I don’t feel that way right now. We do not want the U. S. Poverty level increasing to levels of the 1960’s, so we all need to get out to vote and let our voices be heard!!!
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© 2010 Pamela Oglesby