Last fall, the Center for Budget and Policy Priorities reported that the poverty rate is the worst in 45 years for the year 2010. People with incomes below half the poverty level hit a record high unparalleled since 1975.
They also stated that the number of uninsured due to employer-based health insurance increased dramatically, emphasizing the need for healthcare reform.
This information from the Center, by their own commentary, is meant to ward off any cuts to welfare, food stamps, unemployment insurance, Medicare, Medicaid and Obamacare as we head for the fiscal cliff. [CBPP]
Hours ago, Time Magazine reported –
…The official poverty rate will rise from 15.1 percent in 2010, climbing as high as 15.7 percent. Several predicted a more modest gain, but even a 0.1 percentage point increase would put poverty at the highest level since 1965. Poverty is spreading at record levels across many groups, from underemployed workers and suburban families to the poorest poor. More discouraged workers are giving up on the job market, leaving them vulnerable as unemployment aid begins to run out…
That doesn’t count all the welfare recipients that will be added once the loosening of welfare goes into effect – people on welfare no longer have to even bother looking for work.
I would say this is bad news for Obama but he’s teflon man and there is another possibility.
Both the CBPP and Time Magazine have agendas which are pro-Obama. We are heading for congressional battles over the non-existent budget this fall and I suspect the Obama minions are getting ready to demonize Republicans if they dare to suggest cuts to the growth of any of these programs.
Entitlements are growing dramatically as Obama puts more people on the dole and we head for another recession.
Meanwhile, a poll out today in The Hill reports that people blame Obama more than Bush for the Obama economy.
It found that 66 percent believe paltry job growth and slow economic recovery is the result of bad policy. Thirty-four percent say Obama is the most to blame, followed by 23 percent who say Congress is the culprit. Twenty percent point the finger at Wall Street, and 18 percent cite former President George W. Bush.
The Obama camp might be getting a little desperate and there could be some holes in that teflon.