neo-conomic

In spite of right-wing rhetoric; for most Americans, the economy is getting worse and life is getting harder. Sadly, the Republicans are working overtime to pass laws that will favor the richest Americans while making things even tougher for the rest of us.

Poverty rate rises to 12.7 percent
JENNIFER C. KERR
Associated Press

WASHINGTON - Even with a robust economy that was adding jobs last year, the number of Americans who fell into poverty rose to 37 million - up 1.1 million from 2003 - according to Census Bureau figures released Tuesday.

It marks the fourth straight increase in the government's annual poverty measure.

The Census Bureau also said household income remained flat, and that the number of people without health insurance edged up by about 800,000 to 45.8 million people. ...

... Overall, the nation's poverty rate rose to 12.7 percent of the population last year. Of the 37 million living below the poverty level, close to a third were children.

The last decline in overall poverty was in 2000, during the Clinton administration, when 31.1 million people lived under the threshold. Since then, the number of people in poverty has increased steadily from 32.9 million in 2001, when the economy slipped into recession, to 35.8 million in 2003. ...