Hint: It is also the group with the highest rate of poverty and whose rate of poverty has increased the most under the current President.
Funny how that works.
Hint: It is also the group with the highest rate of poverty and whose rate of poverty has increased the most under the current President.
Funny how that works.
"Poor people have been voting for Democrats for the last XX years. They're still poor." ~Charles Barkley
It is apparent that history is not a subject that receives a lot of attention in this country.Originally Posted by badger
It is also apparent we have a large segment of our society that has always made decisions based on emotion.
Last edited by FaninAma; 9/5/2012 at 10:04 AM.
http://www.nclej.org/poverty-in-the-us.php
President Obama's record on this issue doesn't stand up to his rhetoric.
Also remember this simple economic fact:
As more borrowed money is spent on this issue the more we see real inflation which in turn dirves the poverty threshold even higher.
Deficit spending hurts everybody but it takes the heaviest toll on the poor and elderly.
But by all means lets just keep throwing money we don't have at this issue.
Obama and the democrats claim the GOP wants to balance the budget on the backs of the lederly and poor. My contention is that the deficit spending by both parties is crushing the elderly and poor. If you accept that you cannot raise taxes enough to balance the budget then it would appear that the refusal of the democrats to consider significant budget cuts is institutionalizing poverty in this country.
Yes, military cuts should be on the table. Yes, tax increases should be on the table. But it is imperative that the democrats show that they are serious about cutting entitlement spending before they are to be trusted enough to compromise on the other issues. That game was played by Reagan and Bush I and it resulted in no budget cuts, only tax increases.
How is it crushing the elderly and the poor? I also find it interesting the states with the largest percentage of poor are red states.
Also the lowest educated. Which makes sense.
It takes one to know one, and I know you don't know a damn thing.
You really don't understand how deficit spending causes inflation which in turn drives up the price of essentials like food, gas and electricity...the things that even the poor and the elderly on fixed incomes need? If you don't understand that concept then it suddenly becomes more clear why you have the political values you do.
You can also add the fact that most seniors are on fixed incomes most of which are interest drawing securities because they are safe. How has the interest rate been lately? And why is that? Because if the Fed were to allow interest rates to increase the federal budget deficit would increase since the cost of servicing the debt would increase.
What does the location of the poor have to do with anything? If you can't afford food or gas because it has doubled over the past 4 years does it really matter if you live in Mississippi or New York. And I always find it interesting that the poverty statistics are based on the same level of income whether in a low cost of living state or a high cost of living state.
One other thing about the red state-blue state debate. Most of the red states do not have the budget problems that the blue states do. I wonder why that is? Couldn't be because the red states spend less money they don't have on social programs could it? Nah.
I will tell you this. I am going to be very pi**ed when my federal tax dollars are going to bail out the state governments of California, New York, and Illinois.
Do you even notice what is occuring in Europe?
Last edited by FaninAma; 9/6/2012 at 09:04 AM.
Link? An educated liberal such as yourself surely understand the importance of documenting serious claims like that.
Obama gets the idiot vote by a three to one margin.
He wins the gullible vote by two to one, and the slacker vote by two to one.
His best demographic however, has to be the choom vote, by a ten to one margin.
The problem is none of those demographics can figure out just which pole their supposed to be at to vote.
I saw some standing next to a barbershop pole, and heard some are making plans for the north pole.
"We still find the greedy hand of government thrusting itself into every corner and crevice of industry, and grasping at the spoil of the multitude. Invention is continually exercised to furnish new pretenses for revenue and taxation. It watches prosperity as its prey and permits none to escape without a tribute."
-- Thomas Paine
The answer to the question is single women and households headed by single women. The more this group becomes dependent on the federal government the higher the number that fall into poverty.
Last edited by FaninAma; 9/6/2012 at 09:16 AM.
Or could it be that red states receive more tax dollars than they contribute?
Disclaimer: the data is from 2005, a few less red states now
http://www.flickr.com/photos/michaelpinto/2987025203/
Also here's a link to education attainment by state, yes its wikipedia but its in a much more readable format than the US Census Bureau's website.
http://en.wikipedia.org/wiki/List_of...e_note-2009C-0
Lot of red states and California at the bottom
FYI for those still banging on the welfare queen myth, TANF recipients are lower than they were for all but two of the Bush years.
Last edited by SouthCarolinaSooner; 9/6/2012 at 11:17 AM.
Here's a link to the US Census site but SCS link is way easier to read.
Its not hard to use a little common sense and figure it out.
On average - If you're poor it stands to reason you're most likely less educated.
It takes one to know one, and I know you don't know a damn thing.
The only problem is that your statement is not correct. Here is a chart that shows the US inflation rate from 1980 thru September 2012:You really don't understand how deficit spending causes inflation which in turn drives up the price of essentials like food, gas and electricity...the things that even the poor and the elderly on fixed incomes need? If you don't understand that concept then it suddenly becomes more clear why you have the political values you do.
http://www.tradingeconomics.com/united-states/inflation-cpi
Essentially since Ronald Reagan began deficit spending in the modern era the rate of inflation has remained relatively flat after the huge it plunged from its highs.
And this from the Philly Fed:
Inflation is linked to monetary policy and so far the Fed has shown great resolve in fighting inflation. So far it has been a non-issue.EMPIRICAL EVIDENCE ON INFLATION AND DEFICITSEconomic theory suggests that the strength of the relationship between government budget deficits and infla- tion depends on whether monetary policy is independent or dependent relative to fiscal policy. In countries where seigniorage is an important component of government finance,
we are likely to find that govern- ment budget deficits and inflation are empirically linked. In countries with independent monetary authorities, the link between deficits and inflation is likely to be weaker.
Evidence for the U.S. Economy.
As we can see from a plot of deficits and inflation for the U.S. economy since the end of World War II, there does not appear to be much of a rela- tionship between government budget deficits and inflation (Figure 4). The contemporaneous correlation between federal budget deficits and inflation (GDP deflator inflation) is essentially zero. It is possible that deficits today are more highly correlated with future inflation than with current inflation — it may take some time for deficits to be felt in the form of higher inflation. But even if we look for the largest cor- relation between current deficits and future inflation, we find that it is still rather low at 10 percent, when current deficits are correlated against inflation
All investments have risk. CD's and money markets face interest rate risk. Anyone who is not diversified is asking to take a bath if they are to concentrated in one area.You can also add the fact that most seniors are on fixed incomes most of which are interest drawing securities because they are safe. How has the interest rate been lately? And why is that? Because if the Fed were to allow interest rates to increase the federal budget deficit would increase since the cost of servicing the debt would increase.
The problem with your statement is that lower interest rates may hurt savers and senior citizens but it also helps borrowers. Seniors may be able to refinance their home and get a lower rate. The can also buy cars and other items with lower long term interest rates. For those that rely on the government for income and medical care I would think that it would be good to keep the rate of interest on servicing the debt low so it does not take away from other programs.
It has to do with the policies of those states....particularly education. Alabama, Mississippi, Arkansas, Georgia, etc have historically had bad schools.What does the location of the poor have to do with anything? If you can't afford food or gas because it has doubled over the past 4 years does it really matter if you live in Mississippi or New York. And I always find it interesting that the poverty statistics are based on the same level of income whether in a low cost of living state or a high cost of living state.
They are able to have less taxes because most red states get far more back from Washington than they send. If Oklahoma got back the same percentage as Delaware Oklahoma's budget deficit would soar. BTW do you know that almost a quarter of the folks in Oklahoma work for the government?One other thing about the red state-blue state debate. Most of the red states do not have the budget problems that the blue states do. I wonder why that is? Couldn't be because the red states spend less money they don't have on social programs could it? Nah.
Actually it is the other way around. Their taxes are bailing out your state. They are the ones who should be pissed.I will tell you this. I am going to be very pi**ed when my federal tax dollars are going to bail out the state governments of California, New York, and Illinois.
Again other than Greece and Portugal this is a banking crisis caused as a result of a real estate bubble. We are nowhere near the level of government support that exists in Europe.Do you even notice what is occuring in Europe?
Do you have evidence to back this up?
Your link does not provide any correlation between deficit spending and poverty. None!
I'd rather they just declare bankruptcy.
That said, if you're in Oklahoma, your state receives more federal dollars than it receives, so I wouldn't brag too loudly about your self sufficiency.
That is not what I said. I said deficit spending does not help the poverty rate and in fact it hurts those already in poverty.
I also inferred that your chances of being in poverty are higher if you are black or a single woman and that despite the massive amounts of spending to combat poverty it has not changed the rates since the mid 60's.
http://www.civitasreview.com/budget-...-nations-poor/
Last edited by FaninAma; 9/6/2012 at 04:50 PM.
But you are ignoring the incredible amount of state sponored social spending. That's why they are bankrupt.
Last edited by FaninAma; 9/6/2012 at 05:25 PM.
It probably has more to do with a sudden contraction of their revenue base. This is especially true in states hit hard by the housing crash which relied on property taxes.
--yet one more reason a state income tax beats the hell out of high property taxes.
Do you really believe the government issued statisitcs on inflation? Hell they don't even include energy and food prices. How about college tuition? And again I refer you to this article regarding deficit spending, inflation and the effects on the poor:
http://www.civitasreview.com/budget-...-nations-poor/
I agree that interest rates encourage borrowing. Is that really somethig this country needs....extra personal debt to go on top of the government debt? Is that how you really build prosperity?
I was not talking about the return on federal dollars. I am talking about individual state budgets and which states have spent too much on social programs and state employee benefits. Even if those states got back everything they sent to the federal government dollar for dollar they would still be facing huge budget deficits because they spend too much money.
And Europe is not just about a banking crisis. It is about the elevel of debt carries on the books by these countries and their inability to continue paying for social programs. And if you want to know how bad it really is in Europe you should Google " external debt v. GDP". It isn't a pretty picture even for the European countries that everybody feels are economically successful.
Last edited by FaninAma; 9/6/2012 at 05:29 PM.
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