Poverty and Recovery

[groovedaddy]

In 2008, the first year of the Great Recession, the number of Americans living in poverty rose by 1.7 million to nearly 47.5 million. While hugely painful, that rise wasn’t surprising given the unraveling economy. What is surprising is that recent census data show that those poverty numbers held steady in 2009, even though job loss worsened significantly that year.

Clearly, the sheer scale of poverty — 15.7 percent of the country’s population — is unacceptable. But to keep millions more Americans from falling into poverty during a deep recession is a genuine accomplishment that holds a vital lesson: the safety net, fortified by stimulus, staved off an even more damaging crisis.

Congress should take a good look at those numbers, and consider that lesson carefully, before it commits to any more slashing and burning.

The latest poverty figures are from the census “alternative” data, developed in the 1990s to count income and expenses that the “official” data omit. For example, the official measure counts only cash income to gauge poverty (defined as $21,756 for a family of four in 2009). The alternative figures cited above, which closely follow criteria from the National Academy of Sciences, include noncash federal benefits, like food stamps (and set the poverty line at $24,522 for a family of four). That gives a truer picture of a family’s economic status.

http://www.nytimes.com/2011/01/19/opinion/19wed1.html?nl=todaysheadlines&emc=tha211

[midnight]

1. I really applaud the final statement in this article.

There needs to be a continuation of jobs creation......