Panorama: Poor America | Documentary Heaven
America’s poor are better off | TheHill
Three decades of trickledown economics; the monopolization, privatization and deregulation of industry; and the destruction of labor protection has resulted in 50 million Americans living in abject poverty, while 400 individuals own more than one-half of the nation’s wealth. As the four Walmart heirs enjoy a higher net worth than the bottom 40 percent, our nation’s sense of food insecurity is more on par with developing countries like Indonesia and Tanzania than with OECD nations like Australia and Canada. In fact, the percentage of Americans who say they could not afford the food needed to feed their families at some point in the last year is three times that of Germany, more than twice than Italy and Canada.
Here Are the Poorest Cities in America | Time
Obama’s speech clearly depicted an America losing touch with its ideals. Not only is the middle-class fast becoming the working poor, but upward mobility is becoming almost impossible to attain. At a time when America should be investing in its own future, it is dealing with a sequestration that was never meant to have happened. It happened because the GOP congress would rather destroy the economy than see a black president succeed. Also, raising revenues runs against the GOP’s fundamental pro-corporate strategy of “starving the beast” i.e. starving the federal government of the revenues it needs so it can use deficits as an excuse to cut programs like Social Security and Medicare and replace them with for-profit alternatives.