The percentage of poor Americans who are living in severe poverty has reached a 32-year high, millions of working Americans are falling closer to the poverty line and the gulf between the nation's "haves" and "have-nots" continues to widen.Meanwhile:
A McClatchy Newspapers analysis of 2005 census figures, the latest available, found that nearly 16 million Americans are living in deep or severe poverty. A family of four with two children and an annual income of less than $9,903 - half the federal poverty line - was considered severely poor in 2005. So were individuals who made less than $5,080 a year.
The McClatchy analysis found that the number of severely poor Americans grew by 26 percent from 2000 to 2005. That's 56 percent faster than the overall poverty population grew in the same period. McClatchy's review also found statistically significant increases in the percentage of the population in severe poverty in 65 of 215 large U.S. counties, and similar increases in 28 states. The review also suggested that the rise in severely poor residents isn't confined to large urban counties but extends to suburban and rural areas. [emphasis added]
...[T]he share of national income going to corporate profits has dwarfed the amount going to wages and salaries. That helps explain why the median household income of working-age families, adjusted for inflation, has fallen for five straight years.This is the result of years of Republican leadership and corporate lobbying. You'd think they'd be ashamed. And they call themselves moral.
Update: Related reading from Libby @ DetNews:
Yet Bush's proposed budget intends to pay for the tax cuts for the obscenely rich by slashing these programs [the ones that help support those living in poverty]. And slashing the VA budget and veteran's benefits. And slashing funding to the states for federally mandated programs. And a thousand other cuts to assistance programs. But last I heard, the repeal of the death tax which will save you nothing, but will save the Walmart heirs about 27 billion dollars, will be passing through into law soon. That is what these cuts will be funding. That's not capitalism. That's cronyism.The rich get rich and the poor get poorer. When are people going to learn to vote in their best interests and not those of Corporate America, Inc. and the GOP?