Record Poverty Last Year as Household Income Dips

By Ruth Mantell

The 46.2 million people in poverty in 2010 was the largest group for the 52 years that estimates have been published.

http://www.informationclearinghouse.info/article29119.htm



6 Big GOP Lies About The Economy

Video

Is Social Security a Ponzi scheme as Republican Presidential candidate Rick Perry claims?

http://www.informationclearinghouse.info/article29122.htm



Noam Chomsky on US Economic Crisis

Interview With Democracy Now!

Noam Chomsky, says 'huge military spending, a very low taxes by the rich [and corporations] .... those fundamental problems have to be dealt with if there is going to be anything like successful economic and social development in the United States.

http://www.informationclearinghouse.info/article29123.htm



America is Collapsing

Mr. President, We Need a 10-Year Plan

By Lawrence Summers

Shovel-ready projects won t cut it, says Lawrence Summers, former treasury secretary.

http://www.informationclearinghouse.info/article29121.htm



Tea Party Crowd Cheers Letting Uninsured Die

Video

In Tampa, Florida at the CNN/Tea Party Express debate Monday night, the tea party-filled audience literally cheered aloud for the uninsured to be allowed to die.

http://www.informationclearinghouse.info/article29118.htm



Massive default is best way to fix the economy

Clearing away the debt is the only way forward.
http://bit.ly/oGnS1E



IMF: Austerity boosts unemployment, lowers paychecks

In a new paper for the International Monetary Fund, Laurence Ball, Daniel Leigh and Prakash Loungani look at 173 episodes of fiscal austerity over the past 30 years. Their verdict? Austerity 'lowers incomes in the short term, with wage-earners taking more of a hit than others; it also raises unemployment, particularly long-term unemployment.'

http://wapo.st/pCjzzP



Median Male Worker Makes Less Now Than 43 Years Ago

While the fact that a record number of Americans are living in poverty should not surprise anyone at this point, what should surprise many is that according to Table P-5 of the Census report of (Lack of) Income, the median male is now worse on a gross, inflation adjusted basis, than he was in... 1968!

http://www.zerohedge.com/news/median-male-worker-makes-less-now-43-years-ago



Thousands jailed in the US for being poor

In what might seem like an un-American plot twist from a Charles Dickens' novel, advocates for the poor say, some parents are wrongly being locked away without any regard for their ability to pay child support - sometimes without the benefit of legal representation.

http://on.msnbc.com/prA8ft


From Information Clearing House

--------

US Poverty Rate Swells to Record High
http://www.commondreams.org/headline/2011/09/13-3

Nation of 50 Million Uninsured Needs Medicare for All
http://www.commondreams.org/headline/2011/09/13-6

War Profiteers Escalate Their War on Jobs
http://www.commondreams.org/video/2011/09/13

Rick Perry in the Spotlight as Texas Sets to Work on Controversial Executions
http://www.commondreams.org/headline/2011/09/13-4

--------

Senator Bernie Sanders: Is Poverty a Death Sentence?
http://www.commondreams.org/newswire/2011/09/13-0



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=economic+crisis
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