Monday, July 23, 2012

Obama Erases Five Decades Of Progress

Economists, academics and think tank staffers expect the official U.S. poverty rate to rise to its highest level since 1965 when the Census Bureau releases its figures for 2011, the Associated Press reported. The figures come out in November. 

The liberal, nonpartisan and conservative experts the AP surveyed forecast the poverty rate would rise from 15.1 percent in 2010 to as high as 15.7 percent. If the rate only increases by one-tenth of a percentage point to 15.2 percent, it will tie 1983’s poverty rate, which was the highest poverty rate since 1965, according to the AP.

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