Poverty rate drops for first time since 2006
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  Poverty rate drops for first time since 2006
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Author Topic: Poverty rate drops for first time since 2006  (Read 6923 times)
King
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« on: September 16, 2014, 11:39:39 AM »

http://news.yahoo.com/poverty-rate-drops-first-time-since-2006-144415097--politics.html

It's all lies, invisible inflation, manipulated date, etc., etc.
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Tender Branson
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« Reply #1 on: September 16, 2014, 12:57:42 PM »

The Obama Recovery in full swing.
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shua
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« Reply #2 on: September 16, 2014, 04:20:00 PM »


Let's hope you are right, but this is just a half percent drop and it took three years since the official end of the recession for this to change direction.
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King
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« Reply #3 on: September 16, 2014, 04:33:57 PM »

The added healthcare coverage of the program that shall not be named which got implemented in the year 2014 probably contributed a lot.
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shua
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« Reply #4 on: September 16, 2014, 04:45:53 PM »

The added healthcare coverage of the program that shall not be named which got implemented in the year 2014 probably contributed a lot.

They don't have the 2014 figures estimated yet. This is 2013.
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King
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« Reply #5 on: September 16, 2014, 04:58:38 PM »

Ah, so then it was instead the celebrated high of the President-who-shall-not-be-named's re-inauguration instead. Wink
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All Along The Watchtower
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« Reply #6 on: September 17, 2014, 10:11:19 AM »
« Edited: September 17, 2014, 10:38:34 AM by They call me PR »

A welcome bit of news, but keep in mind that a lot of this is due to a growing number of people finding full-time work that pays only slightly above the poverty threshold.

I personally don't think we should celebrate too much about more people getting low-wage jobs with no benefits, but who still have to work full-time. The poverty line is kind of arbitrary anyway, tbf; more and more Americans could be considered parts of the working poor now.
 
However, in terms of the boost to consumer demand that this development will likely bring, it is a positive sign for the economy. But the good news has to be qualified. Tongue

Let's keep in mind, though, that a certain political party has done everything possible to make everyone who doesn't pay more in capital gains taxes than in other taxes (IOW: normal people) poorer and more miserable than ever, and has been publicly blaming "the Kenyan Marxist in the White House" for the economic recovery being slow and uneven. And for the War on Coal, and the War on Christmas, and ISIL, and Putin being evil, and...

In spite of all that: Things are improving. THANKS OBAMA.
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AggregateDemand
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« Reply #7 on: September 17, 2014, 11:40:43 AM »

It doesn't have much to do with job creation. An administration finally decided to tackle the absurd imbalance in social payments to the non-working elderly compared to young working class families with children. Medicaid expansion is probably the primary cause. Unfortunately, the Medicaid expansion bills were dumped on states, not paid for by eliminating WFA in Medicare as originally planned.

Baby steps.
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Clarko95 📚💰📈
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« Reply #8 on: September 17, 2014, 05:10:32 PM »

http://www.csmonitor.com/USA/2014/0917/Child-poverty-rate-declines-in-America-for-first-time-since-2000

Some of the best news is that child poverty also decline by 2 percentage points, which would mark the first time since 2000 that it's happened. It's still a bit higher than what is was before the recession, and 19.9% is a huge embarrassment to such a prosperous country, but it's still an improvement. 
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DC Al Fine
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« Reply #9 on: September 17, 2014, 08:08:08 PM »

Is there one national poverty line or do they adjust it by state/urban area? I imagine it takes a lot more money to get out of poverty in NYC than say Dallas.
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Clarko95 📚💰📈
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« Reply #10 on: September 17, 2014, 10:34:39 PM »

Is there one national poverty line or do they adjust it by state/urban area? I imagine it takes a lot more money to get out of poverty in NYC than say Dallas.
I'm pretty sure the Census Bureau uses one line (I believe for a family of 4 it's around $22,000, while for a single person it's about $12,000), but it's pretty easy to find estimates of the poverty line adjusting for cost of living from economists (as well as simply guessing from knowing what CoL is in an area).
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Lief 🗽
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« Reply #11 on: September 18, 2014, 12:29:48 AM »

Thank you President Obama.
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AggregateDemand
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« Reply #12 on: September 18, 2014, 10:05:58 AM »


He bought you a birthday gift with your credit card. Bow down to your master.
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« Reply #13 on: September 21, 2014, 10:03:09 PM »


He bought you a birthday gift with your credit card. Bow down to your master.
You think the poverty rate should be higher?  What evidence do you have increased borrowing by government is what caused the decline?
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Linus Van Pelt
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« Reply #14 on: September 23, 2014, 05:50:45 PM »

Is there one national poverty line or do they adjust it by state/urban area? I imagine it takes a lot more money to get out of poverty in NYC than say Dallas.
I'm pretty sure the Census Bureau uses one line (I believe for a family of 4 it's around $22,000, while for a single person it's about $12,000), but it's pretty easy to find estimates of the poverty line adjusting for cost of living from economists (as well as simply guessing from knowing what CoL is in an area).

The Census Bureau publishes two measures, the Poverty Measure and the Supplemental Poverty Measure.

The Poverty Measure is based on the relationship between pretax income and nationwide food costs adjusted for family size. So basically on the income side, it includes market income and pretax government cash like social security or unemployment compensation, but it doesn't include in-kind benefits like Medicare or food stamps, or post-tax credits like the EITC. On the cost side, it takes into account nationwide food inflation, but there is no regional variation based on housing cost. So the "poverty line" is the same nationwide.

The Supplemental Poverty Measure is more complex on both sides. It takes into account post-tax transfers and in-kind benefits as well as pretax income, and on the cost side is not just food but a four-part amalgam of food, clothing, shelter and utilities, which takes into account regional differences in housing costs.

The Supplemental Poverty Measure is generally released a couple of months after the Poverty Measure, since it is more complicated to calculate. It is intended to be more realistic in some ways, though the added complication sometimes brings some controversy about whether the various parts are being weighted correctly.
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Starbucks Union Thug HokeyPuck
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« Reply #15 on: September 23, 2014, 06:00:25 PM »

Under the Bush regime, our nation's poors were buried under mountains of debt and hopeless despair. 

With President Obama, it's been raining moneybags and available job applications across the heartland.

Bless you, Mr. Obama. 
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KCDem
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« Reply #16 on: September 28, 2014, 01:09:03 PM »

Obama cooking the books as usual.
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AggregateDemand
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« Reply #17 on: September 28, 2014, 03:41:02 PM »

You think the poverty rate should be higher?  What evidence do you have increased borrowing by government is what caused the decline?

Nice non sequitur. I think he should pay for decent policy, like Medicaid expansion for the working u-65 demographic, by cutting the waste and inefficiency from other social programs.
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Brittain33
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« Reply #18 on: October 03, 2014, 10:19:06 AM »

Thank you, President Obama, and the senators who passed the stimulus.
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shua
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« Reply #19 on: October 03, 2014, 08:08:07 PM »

Thank you, President Obama, and the senators who passed the stimulus.

All that stimulus money didn't stop the poverty rate from rising for 4 years, so why do you think this small dip is thanks to it?  Are they still dishing it out?
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Beet
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« Reply #20 on: October 03, 2014, 11:55:28 PM »

Fascinating that West Virginia is one of the only states where poverty has fallen from 2000 to 2010. D.C. also saw a big drop.
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DC Al Fine
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« Reply #21 on: October 04, 2014, 10:36:01 AM »

Fascinating that West Virginia is one of the only states where poverty has fallen from 2000 to 2010. D.C. also saw a big drop.

In the case of DC, how much of that is due to gentrification? Are the DC poors moving to Virginia & Maryland?
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Brittain33
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« Reply #22 on: October 04, 2014, 11:30:31 AM »

Thank you, President Obama, and the senators who passed the stimulus.

All that stimulus money didn't stop the poverty rate from rising for 4 years, so why do you think this small dip is thanks to it?  Are they still dishing it out?

Fallacy. The stimulus prevented a steeper drop into recession and a slower climb out, which would have caused greater depths of poverty.

I recall we spoke a few days ago where you struggled with the idea of the multiplier effect, so I understand if you have issues with this.
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shua
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« Reply #23 on: October 04, 2014, 05:54:06 PM »

Thank you, President Obama, and the senators who passed the stimulus.

All that stimulus money didn't stop the poverty rate from rising for 4 years, so why do you think this small dip is thanks to it?  Are they still dishing it out?

Fallacy. The stimulus prevented a steeper drop into recession and a slower climb out, which would have caused greater depths of poverty.

I recall we spoke a few days ago where you struggled with the idea of the multiplier effect, so I understand if you have issues with this.

Yeah, I'm not seeing how it makes sense to connect a single data point to a supposed cause based on a counterfactual.  A multiplier may just as easily be less than 1.
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