Third Party & Independents: Archives

September 26, 2003

Poverty Rate Rises for second consecutive Year in U.S.

Fresh on the heals of Bush’s dismal showing in the latest polls, comes word that the number of Americans living at or under the Poverty Line has risen “markedly” for the second straight year, due to plummeting pay rates, and a dismal job outlook. According to the Census Bureau the country’s median income fell $500 in 2002.

CNN reports:

The Census Bureau Reported that 34.6 million people, or 12.1 percent of the population, were living in poverty, up from 32.9 million people or 11.7 percent in 2001, when the economy went into recession after a decade of growth. The median household income, when adjusted for inflation, fell 1.1 percent to $42,409, according to the bureau, which released two comprehensive annual reports looking at poverty and income in America.

Yes, those tax breaks for the rich are really helping the economy, see how many jobs they are creating: trickle, trickle, trickle…

Posted by V. Edward Martin at September 26, 2003 02:22 PM
Comments
Comment #2918

I am just glad we have a compassionate conservative in office.

Posted by: Jake of 8bitjoystick.com at September 26, 2003 03:14 PM
Comment #2922

1) Jobs are a lagging indicator. Most economic indicators are showing a real turnaround.

2) The tax cuts certainly couldn’t have an effect on **2002** poverty rates since they didn’t kick in until this year.

Do you have a fundamental misunderstanding of how economics work?

Oh well, just keep rambling…

Posted by: CJ at September 26, 2003 06:18 PM
Comment #2923

Lets start with your views on taxes…
Remember, noone that lives within the poverty line pays any taxes at all, whatsoever. In fact the top 50% of wage earners in the United States pay 96.09% of all taxes.

You can’t cut taxes for the people who do not pay any taxes. Namely the bottom 50% of wage earners in the U.S. or HALF of the country. The top 1% is paying more than ten times the federal income taxes than the bottom 50%! Isn’t that enough for you liberals?

“link to the IRS spreadsheet (you must have excel to view it)”


“Bureau statistician Daniel Weinberg said the changes between 2001 and 2002 were consistent with changes following past recessions.”

“The highest point in the cycle of poverty and the lowest point in income tend to come in the year after a recession,” he said at a news conference at bureau headquarters in Suitland, Md.”

In 2002, 12.1 million children were in poverty, or 16.7 percent of all kids, up from 11.7 million, or 16.3 percent, the previous year. [That is 4/10 of one percent higher.] The Census Bureau said the increase in the child poverty rate was not statistically significant.”

You left that part out too.


Almost half of the country and the 2002 poverty rate reported today is still close to the 2000 mark, its lowest level in more than 25 years.

I like what this guy had to say, do you know him?…
Bill Spriggs, director of research and public policy at the National Urban League, said the numbers were frightening. “This may become one of the worst downturns in income in 30 years,” he said.

He is talking about an increase in poverty that is by the admission of the Census Bureau “not statistically significant”.
I am sure it is significant to anyone who grew up as dirt poor as I did. But if you want to talk numbers it really isn’t a dramatic upturn whatsoever and the notion that it is doesn’t pass the laugh test.

Posted by: Pete at September 26, 2003 06:36 PM
Comment #2924

here is an interesting read from 1997

Posted by: Pete at September 26, 2003 06:41 PM
Comment #2925

“In fact the top 50% of wage earners in the United States pay 96.09% of all taxes.”

Not true. It’s 96.09% of INCOME taxes. Of course, without knowing what percentage of income the top 50% earn, it’s a hard statistic to use.

Posted by: LawnBoy at September 26, 2003 07:19 PM
Comment #2926

Ugh. I mistyped while correcting. It’s of Federal Income taxes, not just income taxes, and not of “all taxes”

Posted by: LawnBoy at September 26, 2003 07:24 PM
Comment #2929

Lawnboy, you are correct it is FEDERAL INCOME taxes…I should have been more specific.
Got anything else? Is that enough for you Liberals or should we pay even more taxes?


Posted by: pete at September 26, 2003 08:45 PM
Comment #2931

I’m willing to bet V. Edward doesn’t pay income tax.

Posted by: Richard Bennett at September 26, 2003 09:09 PM
Comment #2932

no, we liberals don’t want to pay more in taxes, at least i don’t…however i would like it explained to me how the current conservative administration is spending way more than they have to spend….and yet the majority of us working folk can barely pay our bills. and you still blame liberals….

the right say one thing, the left say another….i want someone to come up with a sensible tax plan that will allow our government not to be in deficit spending, keep our military strong, make sure that huge corporations are not abusing tax loopholes, and yes, give the vast majority of working-class a break….

pete, on several occasions you have talked about how wonderfully wealthy you are….congradulations…you beat the system. how’d ya do it?

i am discouraged by your attacks on liberal america, those of us struggling to survive anyhow, liberals spend more on social programs, conservatives spend more on programs like the military, but it’s still money coming from the taxpayers….so to say that liberals are the cause of all our financial woes is a bit incorrect…or if it isn’t please tell me that the correct answer is.

the bush administration is spending more money than they have…and yet they give huge tax cuts, most of which benefit folks like pete, apparently.

on another note, they say that the unemployment rate is currently on the decline…my question is, are they polling people who are just collecting unemployment, or are they polling everyone, including those for whom unemployment insurance has run out….just because they can’t collect the federal check, does’t mean they have magically found work…i’d love to see that poll.


i look forward to your thoughts.

Posted by: rob at September 26, 2003 09:09 PM
Comment #2935

Richard, that would be a fools bet; and a suckers bet as well…

Posted by: V. Edward Martin at September 26, 2003 10:09 PM
Comment #2936

What’s your tax rate, V?

Posted by: Richard Bennett at September 26, 2003 10:10 PM
Comment #2938

None of your business R.

Posted by: V. Edward Martin at September 26, 2003 10:33 PM
Comment #2940

I think the real problem that needs addressing is Welfare.

I live in Alaska, and though I am only a mere 30, I have witnessed abuse of this system that is so atrocious it sickens me.

eg. My mother is the postmaster of Willow and the Day after a welfare recipient opens a new mailbox, their welfare checks/medicare and p/pwk start coming in… but it takes three weeks for regular mail to get routed to the right location.

Those of us doing well for ourselves pay through the nose so these freeloaders can sit at home and play Vatican Roulette to get higher paychecks.

It cracks me up that the financially challenged feel that just because I can afford to pay 40k in taxes a year, that it is my duty to do so.

As far as Bush-Bashing, it’s funny how little most Democrats investigate the finer points of economics. Clinton is widely regaled for how well our economy did during his administration, but none credit the work that Reagan did that built that foundation.

Posted by: Yukon Jake at September 26, 2003 10:46 PM
Comment #2943

It is easy to go on a spending spree to boost the economy when you load up on debt - hey, it is the next president that will have to deal with the debt and deficits. That was Ronald Reagan, thank god his term expired or we’d all be bankrupt.

Posted by: David R. Remer at September 27, 2003 12:16 AM
Comment #2945

rob,

unemployment is defined as the percentage of Americans seeking employment. So, if you’ve lost your job and have given up finding a new one, you don’t count as unemployed

Posted by: LawnBoy at September 27, 2003 01:50 AM
Comment #2946

pete,

I wasn’t saying that anyone should pay more taxes. I’m just sick of that particular statistic from the Rush Limbaugh’s front page, given without context or explanation. I didn’t want the way he portrays the numbers to spread here unchalleneged.

Posted by: pete at September 27, 2003 01:53 AM
Comment #2950

Well then why don’t you read the friggin numbers and then tell me why it is fair?
You liberals cannot fight the facts so you just say BS and try to derail the truth.
The reason is this…
You cannot debate the numbers. No matter how many times we post the actual statistics, you can’t argue with them.

If you want to debate the tax system then do so. Otherwise put up or shut up.
You can’t because it is impossible to defeat.

Posted by: pete at September 27, 2003 03:42 AM
Comment #2954

“In general, the art of government consists in taking as much money as possible from one party of the citizens to give to the other.” — Voltaire (1764)

Posted by: Richard Bennett at September 27, 2003 05:27 AM
Comment #2961

“Common Sense is not so Common.” -Voltaire

Posted by: Yukon Jake at September 27, 2003 02:29 PM
Comment #2976

The wealthiest nation in the world should have only voluntary poverty. Those who renouce worldly goods and affairs of free volition.

I find it interesting that 1) the majority of persons in this country below poverty level are white, and 2) there are now political moves to remove race as a measure in government collected data.

Is there a correlation? Don’t know. But, I will be watching these events for interactive relationships.

Previous Presidents and Congresses have shown both the ability and willingness to create jobs when industry can or will not. What does this say about the current administration and Congress?

Posted by: David R. Remer at September 28, 2003 03:57 AM
Comment #2978

The wealthiest nation in the world should have only voluntary poverty.

I’m sure the people of Luxembourg will be glad to know that. See this chart to learn how countries rank in per-capita GDP.

Posted by: Richard Bennett at September 28, 2003 06:02 AM
Comment #2985

Yukon—

The welfare card is played out; welfare is not nearly the burden on the tax payer it used to be, or ever was for that matter. The next time you start feeling disgruntled about paying taxes so that children don’t have live on the street, recite the Preamble to the Federal Constitution to yourself. In case you don’t know it, allow me:

We the People of the United States of America in order to form a more prefect Union establish justice and ensure domestic tranquility, provide for the common defense, promote the general welfare and secure the blessing of liberty to ourselves and our posterity, do ordain and establish this Constitution for the United States of America…

Republicans in their all consuming rush to enrich themselves at the expense of the rest of us, seem to forget that the United States was formed for the benefit of ALL her citizenry, not just the well-to-do.

Oh, I’m sorry, there I go letting my idealism and belief in American principles as embodied in the our Constitution and Declaration of Independence get in the way of capitalist lock-stepping…

Posted by: V. Edward Martin at September 28, 2003 09:12 PM
Comment #3053

I did a little analysis of Rush’s number on http://www.rushlimbaugh.com/home/menu/irsfigures.guest.html that is probably the source of pete’s numbers that the top 50% pay 96% of the taxes.

There’s a very good reason for that number: The top 50% earn 87% of the adjusted gross income!

So, where’s the big disparity? It’s only 9% more than if we had a pure flat tax! Don’t throw around numbers like 50% for shocking comparison when 87% is the much more relevant comparison. And these numbers don’t even include sales tax and a lot of other more regressive taxes.

Posted by: LawnBoy at September 30, 2003 05:07 PM