The Economic Collapse
December 14, 2011
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 millionAmerican 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.
#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 inflationfor 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 debteven 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.
This article was posted: Wednesday, December 14, 2011 at 3:54 am