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Nine Economic Facts That Will Make Your Head Spin

Nine Economic Facts That Will Make Your Head Spin | Coffee Party News | Scoop.it

by Lynn ParramoreAlterNet


Half the population of the US has slipped into poverty or is barely making enough to get by.

How much will you need for medical expenses in retirement? What does it cost to keep 2.5 million Americans behind bars? Here are a few facts and figures that might surprise you.

1. Recovery for the rich, recession for the rest.
Economic recovery is in rather limited supply, it seems. Research by economist Emmanuel Saez shows that the top 1 percent has enjoyed income growth of over 11 percent since the official end of the recession. The other 99 percent hasn’t fared so well, seeing a 0.4 percent decline in income.

The top 10 percent of earners hauled in 46.5 percent of all income in 2011, the highest proportion since 1917 – and that doesn’t even include money earned from investments. The wealthy have benefitted from favorable tax status and the rise in stock prices, while the rest have been hit with a continuing unemployment crisis that has kept wages down. Saez believes this trend will continue in 2013.
 

2. Half of us are poor or barely scraping by.

The latest Census Bureau data shows that one in two Americans currently falls into either the “low income” category or is living in poverty. Low-income is defined as those earning between 100 and 199 percent of the poverty level. Adjusted for inflation, the earnings for the bottom 20 percent of families have dropped from $16,788 in 1979 to just under $15,000. Earnings for the next 20 percent have been stuck at $37,000.

States in the South and West had the highest proportion of low-income families, including Arizona, New Mexico and South Carolina, where politicians are eagerly shredding the social safety net. [MORE]


Monica S Mcfeeters's insight:

Here is an outline with a discussion of what the austerity and inequity in our economy are doing to us. A very simple and to the point list that all conscienious citizens should give serious thought to.

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Act Out! Episode 1

Act Out! Episode 1 | Coffee Party News | Scoop.it
In this first installment of Act Out!, Eleanor Goldfield takes on a sprawling corporate trade deal and celebrates the national movement that's mobilizing to protect the Internet from corporate interests.
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Petraeus Pleads Guilty!

Petraeus Pleads Guilty! | Coffee Party News | Scoop.it
The General's guilty plea makes him the highest-ranking officer ever to be found guilty of such charges.Read more →
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Reflections From In Front of Homan Square

Reflections From In Front of Homan Square | Coffee Party News | Scoop.it
While the CPD has yet to respond to the demands agreed upon by the organizers of Saturday’s event, I hold this to be self-evident that whenever a Government becomes destructive to the ends of Life, Liberty and Happyness, that it is the Right of the People to alter that Government. On Saturday, We The People convened to demand that alteration, and to bring to Justice those individual members of the Government that have destroyed the public trust through the violation of Human Rights. Read more →
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Why Demonizing Hitler Makes a Police State in the US More Likely

Why Demonizing Hitler Makes a Police State in the US More Likely | Coffee Party News | Scoop.it
He wasn't the devil. Treating him like he was overlooks the real danger. Read more →
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Stories Continue To Emerge From Chicago Police Department 'Black Site'

Stories Continue To Emerge From Chicago Police Department 'Black Site' | Coffee Party News | Scoop.it
Despite vague and predictable non-answers from Chicago Police officials and lackluster “reporting” from the majority of local sources, more disturbing revelations from the CPD's facility on Homan Avenue have emerged.
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On the Nature of the State, and Man

On the Nature of the State, and Man | Coffee Party News | Scoop.it
Alex Freeman ponders Justice and Honor, in an unjust and dishonorable world. Read more →
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The FCC's Net Neutrality Vote: Here's What You Need To Know

The FCC's Net Neutrality Vote: Here's What You Need To Know | Coffee Party News | Scoop.it
The FCC is set to vote on whether to reclassify the Internet as a utility. If it votes in the affirmative, the commission will not allow Internet service providers to throttle traffic.» E-Mail This
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Women as 'Way Pavers' in the Federal Judiciary

Women as 'Way Pavers' in the Federal Judiciary | Coffee Party News | Scoop.it
It took nearly 140 years after the federal court system was established in 1789 before the first woman sat on a federal bench. Today, about one-third of all active Article III judges are women.
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Over half of Republicans want to ignore Bill of Rights, make Christianity national religion

Over half of Republicans want to ignore Bill of Rights, make Christianity national religion | Coffee Party News | Scoop.it
America's Founding Fathers may have explicitly banned the formation of a national religion, but don’t tell that to Republican Christians. A poll found that over half of the religious right wants to establish Christianity as the country’s official creed.
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War Declared Against Chicago PD Over Secret Jail

War Declared Against Chicago PD Over Secret Jail | Coffee Party News | Scoop.it
Chicago has a secret torture site. Would you know if your city did?Read more →
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Alabama Chief Judge Roy Moore Strikes Again

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Alabama State Supreme Court Issues Order Ruling Same Sex Marriages are not Constitutionally Protected.Read more →
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Homan Square Allegation: Cops use Heroin on Suspects During Interrogations

Homan Square Allegation:  Cops use Heroin on Suspects During Interrogations | Coffee Party News | Scoop.it
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Total Mainstream Media Blackout of Chicago Secret 'Black Site' at Homan Square

Total Mainstream Media Blackout of Chicago Secret 'Black Site' at Homan Square | Coffee Party News | Scoop.it
Why is the mainstream media purposely not covering Homan Square?
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“Say ‘Lawyer’ All You Want Motherf****r” Detainees from Chicago’s Police “Black Site” Speak Out

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Corporations Rush to Raise Minimum Wages, But It’s Business As Usual

Corporations Rush to Raise Minimum Wages, But It’s Business As Usual | Coffee Party News | Scoop.it
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‘Right to Try’ bill in Oklahoma moves forward

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In Hollywood, MLK Delivered A Lesser-Known Speech That Resonates Today

In Hollywood, MLK Delivered A Lesser-Known Speech That Resonates Today | Coffee Party News | Scoop.it
Fifty years ago, Martin Luther King visited Los Angeles and spoke to a standing-room crowd at Temple Israel. The synagogue honors his legacy by replaying the speech once a year.» E-Mail This
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New Yorkers charged with conspiring to support Isis - video

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Three men have been charged with conspiring to support Islamic State (Isis), including two who planned to travel to Syria to fight on behalf of the radical group, says New York police.
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Former Prime Minister Says Raise Standard of Living in Gaza

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Chicago Newspaper Confirms its Position as CPD Propaganda Arm

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An example of why The Fifth Column exists. Read more →
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No Due Process, No Lawyer, Secret Jail, Police Brutality, of Black and Brown People…….In Chicago | I Take LIBERTY With My Coffee

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