Child Poverty In America Is Absolutely EXPLODING – 16 Shocking Statistics That Will Break Your Heart

If the U.S. economy is improving, then why is child poverty in America absolutely exploding?  If we are experiencing “economic growth”, then why are more than half of all children in major U.S. cities like Cleveland and Detroit living in poverty?  If we are the “greatest economy on earth”, then why are one out of every four American children on food stamps?  The shocking statistics that you are about to read below should absolutely break your heart.  Tonight, millions of precious American children will go to bed without any dinner.  Tonight, millions of American children will shiver as they try to go to sleep because their families cannot afford any heat.  How bad does child poverty have to get before we all finally admit that our economic system is completely failing many of the most vulnerable members of our society?  If you want someone to blame, you can blame Congress, the Obama administration, the Bush administration and the corrupt Wall Street bankers.  But most of all, blame the Federal Reserve and the debt-based monetary system that the Fed administers.  Our economy is in the midst of a long-term decline and is slowly but surely dying.  Many of those that are suffering the most from this decline are children.

The following are 16 shocking statistics about child poverty in America that will break your heart….

#1 Child homelessness in the United States is now 33 percent higher than it was back in 2007.

#2 According to the National Center on Family Homelessness, 1.6 million American children “were living on the street, in homeless shelters or motels, or doubled up with other families last year”.

#3 The percentage of children living in poverty in the United States increased from 16.9 percent in 2006 to nearly 22 percent in 2010.  In the UK and in France the child poverty rate is well under 10 percent.

#4 A higher percentage of American children is living in poverty today than was living in poverty back in 1975.

#5 The number of children living in poverty in the U.S. has risen for four years in a row.

#6 There are 10 different U.S. states where at least one out of every four babies is born to a family living in poverty.

#7 Since 2007, the number of children living in poverty in the state of California has increased by 30 percent.

#8 According to the National Center for Children in Poverty, 36.4% of all children that live in Philadelphia are living in poverty, 40.1% of all children that live in Atlanta are living in poverty, 52.6% of all children that live in Cleveland are living in poverty and 53.6% of all children that live in Detroit are living in poverty.

#9 In the United States today, more than 35 percent of all African-American children are living in poverty and more than 33 percent of all Hispanic children are living in poverty.

#10 There are seven million children in the United States today that are not covered by health insurance at all.

#11 Today, one out of every seven Americans is on food stamps and one out of every four American children is on food stamps.

#12 It is being projected that approximately 50 percent of all U.S. children will be on food stamps at some point in their lives before they reach the age of 18.

#13 In 2010, 42 percent of all single mothers in the United States were on food stamps.

#14 There are 314 counties in the United States where at least 30% of the children are facing food insecurity.

#15 In Washington D.C., the “child food insecurity rate” is 32.3%.

#16 More than 20 million U.S. children rely on school meal programs to keep from going hungry.

So why are so many children suffering so badly?

Well, one reason is that millions of parents are unemployed.  The government tells us that the official unemployment rate is 8.6 percent, but when you take an honest look at the numbers the truth is that the situation is much worse than that.

A recent Washington Post article included the following quote from Ed Luce of the Financial Times….

“According to government statistics, if the same number of people were seeking work today as in 2007, the jobless rate would be 11 percent.”

The U.S. government has artificially reduced “official” unemployment numbers by claiming that millions upon millions of Americans have “left the workforce” over the past 4 years.

In addition, millions upon millions of American parents have been forced to take crappy, low paying jobs because they simply cannot find anything else.

At this point, the share of the economic pie being taken home by U.S. workers has fallen to record lows.

For example, the following comes from a recent CNBC article….

The labor share — the amount paid to workers instead of businesses and other income-earning entities — was reported to have fallen to 57.1 cents on the dollar for the business sector, its lowest level since it was first reported by the Bureau of Labor Statistics in 1947.

Median household income in the United States has fallen for several years in a row, and yet the cost of household basics just seems to keep going up and up.  For example, electricity bills have risen faster than the overall rate of inflation for five years in a row.

American families are being squeezed by this economy, and millions of children are feeling the pain.

Every single day, large numbers of American families get dumped out of the middle class and into poverty.  According to the latest figures, extreme poverty in the United States is now at the highest level ever recorded.  The number of good jobs continues to shrink and the poor are getting poorer.  Things are really bad in America today, and unfortunately it looks like the economy is going to get a lot worse in the years ahead.

But most Americans still do not understand what is happening.  One of the biggest problems we are facing is something called “normalcy bias”.

The following is how Wikipedia defines normalcy bias….

The normalcy bias, or normality bias, refers to a mental state people enter when facing a disaster. It causes people to underestimate both the possibility of a disaster occurring and its possible effects. This often results in situations where people fail to adequately prepare for a disaster, and on a larger scale, the failure of governments to include the populace in its disaster preparations. The assumption that is made in the case of the normalcy bias is that since a disaster never has occurred then it never will occur. It also results in the inability of people to cope with a disaster once it occurs. People with a normalcy bias have difficulties reacting to something they have not experienced before. People also tend to interpret warnings in the most optimistic way possible, seizing on any ambiguities to infer a less serious situation.

Most Americans still believe that things will eventually return to “normal”.

After all, every time the U.S. has had a recession in the past we have always recovered and gone on to better things, right?

Well, the cold, hard truth of the matter is that this is not just another economic downturn.  There are a whole host of very bad long-term economic trends that are ripping our economy to shreds.  We are a nation that is drowning in debt even as our economic guts are being ripped out.  The greatest economic machine in the history of the world is being destroyed right in front of our eyes, and most Americans don’t even realize it.

Sadly, most Americans are so brainwashed by the mainstream media that they are not going to believe you the first time that you tell them about all the statistics that point to a coming economic collapse.

Many of them are going to have to be hammered with articles like this time and time again until they finally get it.

America is in a massive amount of trouble, and because of the economic mistakes that we have made millions of children are going to needlessly suffer.

Please share this article with as many people as you can.  The more people that we wake up, the better off America is going to be.

12 Facts About Money And Congress That Are So Outrageous That It Is Hard To Believe That They Are Actually True

Do you want to get rich?  Just get elected to Congress.  The U.S. Senate and the House of Representatives are absolutely packed with wealthy people that are very rapidly becoming even wealthier.  The collective net worth of the members of Congress is now measured in the billions of dollars.  The people that we have elected to the House and Senate are absolutely swimming in money.  Unfortunately, it is not easy to get elected to Congress.  In this day and age you generally have to be heavily connected to those that are very wealthy to get into Congress because it takes gigantic amounts of cash to win campaigns.  But if you can get in to the club, you pretty much have it made.  The numbers that you are about to read are very difficult to believe and they should deeply sadden you.  They show that Congress has become all about money.  Congressional races are mostly financed by wealthy people, most of the people that we elect to Congress are very wealthy, and they rapidly get wealthier after they are elected.  All of this money has turned our republic into something far different than our founding fathers intended.

The following are 12 statistics about money and Congress that are so outrageous that it is hard to believe that they are actually true….

#1 The collective net worth of all of the members of Congress increased by 25 percent between 2008 and 2010.

#2 The collective net worth of all of the members of Congress is now slightly over 2 billion dollars.  That is “billion” with a “b”.

#3 This happened during a time when the net worth of most American households was declining rapidly.  According to the Federal Reserve, the collective net worth of all American households decreased by 23 percent between 2007 and 2009.

#4 The average net worth for a member of Congress is now approximately 3.8 million dollars.

#5 The net worth of House Minority Leader Nancy Pelosi increased by 62 percent from 2009 to 2010.  In 2009 it was reported that she had a net worth of 21.7 million dollars, and in 2010 it was reported that she had a net worth of 35.2 million dollars.

#6 The top Republican in the Senate, Mitch McConnell, saw his wealth grow by 29 percent from 2009 to 2010.  He is now worth approximately 9.8 million dollars.

#7 More than 50 percent of the members of the U.S. Congress are millionaires.

#8 In 2008, the average cost of winning a seat in the House of Representatives was $1.1 million and the average cost of winning a seat in the U.S. Senate was $6.5 million.  Spending on political campaigns has gotten way out of control.

#9 Insider trading is perfectly legal for members of the U.S. Congress – and they refuse to pass a law that would change that.

#10 The percentage of millionaires in Congress is more than 50 times higher than the percentage of millionaires in the general population.

#11 U.S. Representative Darrell Issa is worth approximately 220 million dollars.  His wealth grew by approximately 37 percent from 2009 to 2010.

#12 The wealthiest member of Congress, U.S. Representative Michael McCaul, is worth approximately 294 million dollars.

So how are members of Congress becoming so wealthy?

Well, there are lots of ways they are raking in the cash, but one especially alarming thing that goes on is that members of Congress often make investments in companies that will go up significantly if legislation that is being considered by Congress “goes the right way”.

This is called a “conflict of interest”, but it happens constantly in Congress and nobody seems to get into any trouble for it.

The following is video of Steve Kroft of 60 Minutes ambushing Nancy Pelosi about one particular conflict of interest involving credit card legislation.  As you can see, she does not want to talk about it….

As noted above, insider trading is perfectly legal for members of Congress.

A law that would ban insider trading by members of Congress has been stalled for years on Capitol Hill.

So has this been a significant benefit to members of Congress?

Well, there has been at least one study that appears to indicate that members of Congress have been much more successful in the stock market than members of the general public have….

A 2004 study of the results of stock trading by United States Senators during the 1990s found that that senators on average beat the market by 12% a year. In sharp contrast, U.S. households on average underperformed the market by 1.4% a year and even corporate insiders on average beat the market by only about 6% a year during that period. A reasonable inference is that some Senators had access to – and were using – material nonpublic information about the companies in whose stock they trade.

Of course all of this could just be a coincidence, right?

Meanwhile, members of Congress keep telling the rest of us that we are just going to have to cut back because times are tough.

For example, during an interview with George Stephanopoulos of ABC News, Nancy Pelosi actually claimed that we should try to encourage poor people to have less children because it costs the government so much money to take care of them….

PELOSI: Well, the family planning services reduce cost. They reduce cost. The states are in terrible fiscal budget crises now and part of what we do for children’s health, education and some of those elements are to help the states meet their financial needs. One of those – one of the initiatives you mentioned, the contraception, will reduce costs to the states and to the federal government.

STEPHANOPOULOS: So no apologies for that?

PELOSI: No apologies. No. we have to deal with the consequences of the downturn in our economy.

This elitist attitude extends all the way into the White House as well.  Earlier this year, Barack Obama made the following statement….

“If you’re a family trying to cut back, you might skip going out to dinner, or you might put off a vacation.”

Meanwhile, the Obamas are living the high life at taxpayer expense.  In a previous article I mentioned one outrageously expensive vacation taken by the Obamas that was paid for by our taxes….

“Back in August, Michelle Obama took her daughter Sasha and 40 of her friends for a vacation in Spain.

So what was the bill to the taxpayers for that little jaunt across the pond?

It is estimated that vacation alone cost U.S. taxpayers $375,000.”

There is a massive disconnect between what our politicians say and what our politicians do.

The high life is good enough for them, but the rest of us have got to “cut back” and suffer becomes times are hard.

But when it comes to money and Congress, the most corrupting influence of all is probably all of the campaign money that gets thrown around.

In America today, it takes gigantic mountains of money to run a successful campaign.

Sadly, the candidate that raises the most money almost always wins.  In federal elections the candidate that raises the most money wins about 90 percent of the time.

More than 5 billion dollars were spent on political campaigns back in 2008.

That represents a huge number of favors that need to be paid back.

In 2012, it is being projected that 8 billion dollars could be spent on political campaigns.

When big corporations and wealthy individuals shovel huge piles of money into political campaigns, it is generally because they expect something in return.

Most of those that get sent to Congress realize that they never would have won if wealthy donors had not showered cash on them.  Most of them understand that they should not bite the hands that feed them if they want the cash to keep rolling in.

Politics in America has become a game that is played by the elite for the benefit of the elite.

Average Americans have the perception that they are involved in the process and that their opinions really matter, but mostly it is just an illusion.

It is so sad.

Meanwhile, members of Congress rapidly get wealthier and average American families continue to suffer.  In fact, the standard of living in the United States has fallen farther over the past three years than at any other time that has ever been recorded in U.S. history.

But for members of Congress the good times just keep on rolling.

Just as it has been for most of human history, the rich rule over the poor.

Does anyone out there believe that we have any hope of changing this?

12 Facts That Will Blow Your Mind – Federal Employees And Members Of Congress Are Getting Rich While Those Of Us Who Pay Their Salaries Suffer

Do you remember the days when getting elected to Congress or choosing to work for the government was referred to as “public service”?  The idea was that you would be making a sacrifice for the greater good of the country.  Well, those days are long gone.  Today, getting elected to Congress or working for the federal government is a good way to get rich.  Median household income in the United States fell from $51,726 in 2008 to $50,221 in 2009, and yet the personal wealth of members of Congress and the salaries of federal workers (especially at the higher levels) continue to explode.  A lot of corrupt politicians and federal fat cats are raking in stunning amounts of cash, and we are the ones paying the bill.  There is certainly nothing wrong with making a lot of money, but does it seem right that so many of our “public servants” are getting filthy rich while so many of the rest of us are barely getting by?

Posted below are 12 facts that will blow your mind.  Most Americans have no idea just how obscenely wealthy many members of Congress are, and most Americans are totally clueless about how cushy some of these U.S. government jobs are.  If there is one place in America where the good times are still rolling (other than Wall Street), it would have to be Washington D.C.

Members of Congress and employees of the government are supposed to work for us.  We are the ones who pay their salaries.  But today, they are the ones “living the dream” while most of the rest of us scramble just to survive from month to month….

#1 According to an article in the Hill, House Speaker Nancy Pelosi’s net worth soared from $13.7 million in 2008 to $21.7 million in 2009.

#2 In 2005, 7420 federal workers were making $150,000 or more per year.  In 2010, a whopping 82,034 federal workers are making $150,000 or more per year.  That is more than a tenfold increase in just five years.

#3 More than half of the members of the U.S. Congress are millionaires.

#4 The total compensation that the U.S. government workforce is going to take in this year is approximately 447 billion dollars.

#5 Today, all members of Congress earn at least $175,000.  This is far, far more than the average American makes.

#6 60 percent of the federal government workforce is represented by labor unions.

#7 The median wealth of a U.S. Senator in 2009 was 2.38 million dollars.

#8 In 2005, the U.S. Department of Defense had just nine civilians earning $170,000 or more.  When Barack Obama took office, the U.S. Department of Defense had 214 civilians earning $170,000 or more.  In June 2010, the U.S. Department of Defense had 994 civilians earning $170,000 or more.

#9 Insider trading is perfectly legal for members of the U.S. Congress – and they refuse to pass a law that would change that.

#10 According to a recent study conducted by the Heritage Foundation, federal workers earn 30 to 40 percent more money on average than their counterparts in the private sector.

#11 When you factor in such things as retirement and health care benefits, the compensation gap between federal workers and private sector employees gets even larger.  Just consider the following quote from the Heritage Foundation study mentioned above….

“Including non-cash benefits adds to this disparity. The average private-sector employer pays $9,882 per employee in annual benefits, while the federal government pays an average of $32,115 per employee.”

#12 The personal wealth of members of the U.S. Congress collectively increased by more than 16 percent from 2008 to 2009.

So can the U.S. government continue to afford to shell out nearly half a trillion dollars to federal employees every single year?

Of course not.

The truth is that the U.S. government is flat broke and yet most of our politicians still seem extremely resistant to consider anything that would even slow down the wild spending that has been going on.

So what do we get for the $447 billion that we are spending on federal workers every single year?

Not a whole lot – unless you consider paperwork, bureaucracy and a gigantic pile of ridiculous regulations to be a good thing.

America needs a fundamental shift in attitude.  Instead of expecting a “nanny state” to take care of us, we should desperately try to reshape the federal government into a much smaller entity that will finally get off our backs.

We have been living beyond our means for decades, and we cannot afford to pay for this bloated behemoth of a government for much longer.

Hopefully Americans will wake up and do something about this nonsense before it is too late.  Because right now the federal government has become an out of control monster that is gobbling up everything in sight.

Insider Trading Is Perfectly Legal – But Only For Members Of The U.S. Congress

Did you know that insider trading is perfectly legal in the United States?  Well, not for 99.9% of the population.  It is actually only a very small percentage of the population that can legally indulge in insider trading – the members of the United States Congress.  In fact, a law that would ban insider trading by members of Congress has been stalled for years on Capitol Hill.  So why wouldn’t lawmakers in Washington D.C. want to apply the same rules to themselves that apply to the rest of us?  After all, how are we supposed to respect the integrity of those “serving” in Congress when they are playing by an entirely different set of rules?  The American people aren’t stupid.  They can see what is going on.  The truth is that there is a reason why approval ratings for Congress are at an all-time low.

The sad thing is that this issue has gotten very little attention in the mainstream media.  Nobody seems really that upset about it.  But it is a travesty that our lawmakers can legally make trades in the open market based on inside information that they have gained by being in positions of authority.  As the Wall Street Journal recently explained, they can generally make all the money they want off of insider information without any fear of prosecution because “insider-trading laws generally do not apply to lawmakers, leaving them free to trade on nonpublic information.”

But members of the U.S. Congress are generally in a greater position to influence the fortunes of individual companies than almost anyone else.  For example, certain members of the U.S. Congress may know that certain legislation is going to be introduced that would have a dramatic impact on the economic fortunes of a particular industry or corporation.  What would stop those members of Congress from making very profitable trades in the marketplace based on that information?

Nothing.  Nothing at all.

So, is there any evidence that members of Congress have been involved in this sort of activity?

Well, there is at least one study that seems to indicate that members of the U.S. Congress have been much more successful in the stock market than members of the general public….

A 2004 study of the results of stock trading by United States Senators during the 1990s found that that senators on average beat the market by 12% a year. In sharp contrast, U.S. households on average underperformed the market by 1.4% a year and even corporate insiders on average beat the market by only about 6% a year during that period. A reasonable inference is that some Senators had access to – and were using – material nonpublic information about the companies in whose stock they trade.

Of course Congress could stop all of this by simply passing a law that bans insider trading by our lawmakers.

But they refuse to do it.

Instead, it is likely that our “leaders” will continue to make millions of dollars by betting against the U.S. economy and very few people will even raise an objection.

In the upcoming Wall Street sequel, Gordon Gekko makes a statement that seems very appropriate for the world in which we now live….

“Someone reminded me I once said ‘Greed is good’ – now it seems it’s legal”

Federal Reserve Chairman Ben Bernanke Warns Congress That The Federal Reserve Will Not “Print Money” To Pay For The Exploding U.S. National Debt

On Wednesday, Federal Reserve Chairman Ben Bernanke warned Congress that the Federal Reserve does not plan to “print money” to help Congress finance the exploding U.S. national debt.  In fact, Bernanke told Congress that the U.S. could soon face a debt crisis as bad as the one in Greece if the U.S. government does not get things in order financially.  This represents a fundamental change in policy for the Federal Reserve, because they have been enabling the massive borrowing by the U.S. government over the past couple of years by “buying” the majority of new U.S. government debt that has been issued.  But now the fat cats over at the Federal Reserve have apparently changed their minds.  Using uncharacteristic bluntness, Bernanke told Congress that the Federal Reserve is “not going to monetize the debt”.

So why is the Federal Reserve changing course?

Well, there are a couple of possibilities.  One is that the Federal Reserve could legitimately be concerned that the exploding U.S. debt could actually collapse the U.S. economy and ultimately the U.S. government.

You see, the Federal Reserve is a parasite.  They make money for their owners by sucking money out of the U.S. government and out of U.S. taxpayers.  So, just like any parasite, they must strike a delicate balance.  They have to keep feeding off the host without killing off the host completely.  If the host dies it could end up killing the parasite.  So the Federal Reserve actually needs to try to keep the U.S. economy alive so that it can slowly keep draining it.

In fact, during his remarks to Congress, it certainly sounded like Bernanke honestly desires that the U.S. government will come up with a sustainable financial plan for the future….

“It is very, very important for Congress and administration to come to some kind of program, some kind of plan that will credibly show how the United States government is going to bring itself back to a sustainable position.”

The second possibility is a bit more insidious.  As we have written previously, it looks like “the financial powers that be” have decided to reduce the money supply, tighten credit and hoard cash.  All of those things reduce economic activity. 

This new public stance by Bernanke is right in line with that.  If the Federal Reserve will not finance the exploding U.S. government debt, then either the U.S. government will have to dramatically cut back on spending (which would seriously slow down the U.S. economy) or the U.S. government will have to borrow from other sources at much higher interest rates (which will have very serious negative effects on the U.S.. economy).  Either way, this new stance by the Federal Reserve is not good news for those hoping for U.S. economic growth.     

The truth is that someday the exponential growth of the U.S. national debt will basically force the Federal Reserve to “print money”, but for now it looks like the financial powers have another agenda. 

From all indications, it look like that agenda is seriously going to slow down the U.S. economy.

That is likely to seriously anger American voters.  Already, millions of Americans have lost their homes and their jobs, and things are probably only going to get worse.

The result is that there is likely to be an overwhelmingly strong anti-incumbent mood in the nation as we approach the election season of 2010.  Even now, only 10% of American voters say that Congress is doing a good or excellent job.

That is not good news for the fat cats in Washington.

Not that we should feel sorry for them when they get voted out.

Anyway, as always we welcome your comments.  If we do not publish your comment right away, don’t be discouraged, because sometimes we hold on to a comment for a bit because we want to figure out a way to feature some of the very best comments in a future article.

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If you do enjoy this site, there are a couple of our other sites that you may enjoy as well.  For example, each day we post a collection of the most crucial news stories of the day on our daily news site entitled “The Most Important News”.  In fact, you can find the news for today right here.

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The Economic Collapse