Recently released new 2010 Census figures show poverty rising to its highest levels since 1993 with the economy under the direction of failed President Barack Obama and Congressional Democrats.
This is, of course, by design. More people living on government handouts means more voters and power for the Taker Party. More representatives from the Taker Party in office means more poverty, which means more people on government handouts, which means more voters and power for the Taker Party. See how that works?
Democrats were in full control of the Presidency and both houses of Congress when the census was taken.
The nation’s poverty rate rose to 15.1% in 2010, its highest level since 1993. About 46.2 million people are considered in need.
As for middle-class American families, income fell in 2010. The median household income was $49,445, down slightly from $49,777 the year before.
How’s this for a little mainstream media bullshit?
Adjusted for inflation, the middle-income family only earns 11% more than they did in 1980, while the top 5% richest Americans saw their incomes surge 42%.
Amplifying that trend, the bottom 60% of American households saw their income fall last year, while households making $100,000 or more enjoyed a rise in income.
The problem with that statistic, and this has been shown time and time again, is that “the top 5% richest Americans” is a misnomer. It’s really “2010’s Top Earning Americans.” People are constantly moving into that category from the so-called middle class and also falling out of that category. And, as times change, the income levels associated with that group also change, accounting for the rise. So, yes, people in that bracket saw their incomes increasing, but they aren’t all the same people who were in that bracket 10 years ago or even the “richest” Americans by wealth held at any given time.