Poverty guidelines for 2015

State budget funding gaps and low reserves are the evidence of the nation's growing poverty under Obama

Like the people in general who have experienced their median annual household income fall below 2000, 2007 and 2009 levels, the majority of states now have less to spend in real terms as tax revenues decline and have less in reserve for a crisis, having plundered their savings to make up for the shortfalls.

Bloomberg reports here:

Thirty-two states faced budget gaps in fiscal 2015 or 2016 or both, according to an April 27 report by Standard & Poors. The fiscal year ends June 30 in all but four states. ... State governments have about half the reserves that they had before the recession, according to the Pew Charitable Trusts. ... A dozen states still haven’t recovered all jobs lost since the start of the downturn in December 2007 . . . Aggregate general-fund revenue and spending haven’t rebounded to inflation-adjusted fiscal 2008 levels, according to a survey by the State Budget Officers released in December. Revenue of $748 billion for fiscal 2015 would have to be $15 billion higher to match real 2008 levels, the group said.

Merry Christmas: The world is experiencing the benefits of Western liberty like never before

The Nativity at Night c. 1490

Freedom from want, loneliness, ignorance, danger, disease, discomfort and drudgery.

From Richard Rahn:

As we go into this Christmas week, you should count your blessings that you live in 2014. ...

People in the world live far better today than they did a mere half-century ago. World per-capita gross domestic product is now a little more than $14,000 per year, a little less than where the United States was in 1960 or where the Japanese and United Kingdom were in the mid-1970s (inflation adjusted). In October, the World Bank reported that those living in extreme poverty fell from 36 percent in 1990 to 15 percent in 2011. ...

Read the whole thing, here.

There's the poverty level, and then there's "the working poor": United Way releases ALICE data

Key to ALICE calculations is assessing when more than a third of income goes to rent/housing, which usually happens when a good job goes away and is replaced by a lower-paying one, making the mortgage or the rent suddenly unaffordable. Rents have risen and become less affordable at the same time as the housing market has recovered from the 2011 lows. In the summer it was reported here that 52% of Americans have had trouble in the last three years covering either the rent or the mortgage. 

The Florida data is discussed here, where fully 45% of the households are in rough shape:

While 15 percent of Florida households are below the poverty level, another 30 percent are financially insecure — a figure that also applies to Sarasota and Manatee counties — based on a new measurement developed by the United Way. ... Florida's large number of financially fragile households is rooted in a number of economic trends, including housing affordability and other cost-of-living concerns. But the main driver is the dearth of middle-class jobs.

The Connecticut data is discussed here, where 35% of the households are struggling:

In Connecticut, the new report said, 10 percent of all households fall under the poverty level, and 25 percent are between the poverty level and the ALICE [asset-limited, income-constrained, employed] threshold. ... Similar ALICE reports have been done in a limited number of other states by their United Way organizations. Northern New Jersey was the first to shine a light on the ALICE population, and this year, for the first time, Connecticut, California, Florida, Indiana and Michigan United Ways have commissioned their own studies. Connecticut has the lowest proportion of residents below the federal poverty level and the lowest combined total in the ALICE category and below the poverty line of any of the states.

Poverty thresholds for 2013

Poverty guidelines 2014

As seen here.

The New York Times speaks out against free-trade

Here:

Since the 1970s, economic orthodoxy has argued for low tariffs, free capital flows, elimination of industrial subsidies, deregulation of labor markets, balanced budgets and low inflation. This philosophy — later known as the Washington Consensus — was the basis of advice the International Monetary Fund and the World Bank gave to developing countries in return for financial help. The irony is that during the Industrial Revolution, today’s rich countries — Britain, France and the United States — pursued the very opposite policies: high tariffs, government investment in industry, financial regulations and fixed values for currencies. Trade expanded, and capital flowed anyway. ... Nations that have ignored the nostrums of the Washington Consensus — China, India and Brazil — have grown rapidly and raised their standards of living. Improvements in poverty and inequality occurred in Latin America only in the 2000s, after the I.M.F. and the World Bank reduced their grip on those nations.

John Hope Bryant is an ignoramus about Jesus and poverty

Seen here:

'The Greek word for poor, as used by Jesus, is poucos, which means non-productivity. To be poor doesn’t mean you don’t have anything; it means you aren’t doing anything. Poverty is cured by hard work. “Lazy hands make a man poor” (Proverbs 10/4). The Bible says, “How long will you lie there, you sluggard? When will you get up from your sleep? A little sleep, a little slumber, a little folding of the hands to rest – and poverty will come on you like a bandit, and scarcity like an armed man.” Proverbs 6/10-11.'

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Actually the Greek word is properly transliterated "ptochos", not "poucos". And Bryant couldn't be more wrong about how the poor behave. The truly poor don't lay about and do nothing. The root of the word signifies that the poor do plenty . . . of crouching and begging.

But the worst thing is trying to baptize Jesus in this enterprise of viewing poverty as an evil, a problem to be solved. Unfortunately in the case of Jesus it's exactly the opposite of what Bryant thinks.

Frankly, Jesus prized poverty and required it as a condition of discipleship: "So likewise, whosoever he be of you that forsaketh not all that he hath, he cannot be my disciple" (Luke 14:33).

John Hope Bryant is all over the place in a media onslaught spreading his silly message about the poor saving capitalism, nevermind they can't save for the next month let alone the system most notably conceptualized by Adam Smith, a man feeble in neither mind nor money.

Expect more of this pap from Bryant and your federal government, through his connection with the Consumer Financial Protection Bureau, a propaganda project of the Dodd-Frank bill.

The Bureau's current director, by the way, was an unconstitutional recess appointment by the president according to a Supreme Court ruling just in recent days.

El Diablo: Communists and Christians drink from the same well

"I can only say that the communists have stolen our flag. The flag of the poor is Christian. Poverty is at the center of the Gospel. Communists say that all this is communism. Sure, twenty centuries later. So when they speak, one can say to them: 'but then you are Christian'".

Elton John thinks Jesus would have supported gay marriage when he didn't really support normal marriage in the first place

I used teh word normal instead of heterosexual just to piss you off.

Story here.

[I]n the resurrection whose wife of them is she? for seven had her to wife. And Jesus answering said unto them, The children of this world marry, and are given in marriage: But they which shall be accounted worthy to obtain that world, and the resurrection from the dead, neither marry, nor are given in marriage: Neither can they die any more: for they are equal unto the angels; and are the children of God, being the children of the resurrection.

-- Luke 20:33ff.

The reasons why his followers weren't supposed to marry are complicated, theological and not generally understood by any church, being the same reasons for requiring personal poverty of his followers. On these NT Wright will be of no help to you. 

Keeping the people ignorant of their poverty: Obama's media shills bury the awful GDP story

NBC briefly had a red banner headline at the top of the page and then moved the GDP story to the top left but not among the page lead stories.

ABC buried the story near the bottom left.

CBS buried the story near the bottom right.

$82,077: What you need to make to afford the median existing home price in May 2014

The median sales price of an existing home in May rose to $213,400 from $201,500 in April.

In May you needed to make $82,077 for that home to be affordable to you.

In April you needed $77,500.

Housing affordability is generally calculated by multiplying your salary by 2.6.

Just 10.5% of individual wage earners made $80,000 or more per year in 2012, which means the vast majority of Americans must settle for homes which are priced in the bottom half of the market. Two people each making the median wage in 2012 of $27,519.10 could afford a home priced at no more than $143,100, which was the typical price of a suburban home in the collar communities of Chicago in . . . 1993, over twenty years ago.

"And it is a device of tyranny to make the subjects poor, so that a guard may not be kept, and also that the people being busy with their daily affairs may not have leisure to plot against their ruler. Instances of this are the pyramids in Egypt and the votive offerings of the Cypselids, and the building of the temple of Olympian Zeus by the Pisistratidae and of the temples at Samos, works of Polycrates (for all these undertakings produce the same effect, constant occupation and poverty among the subject people); and the levying of taxes, as at Syracuse (for in the reign of Dionysius the result of taxation used to be that in five years men had contributed the whole of their substance)." -- Aristotle, Politics, 5, 1313b.

Monetarism on the rocks: TCMDO has grown less than 19% in 6.5 years

Deflation in today's economy is not a decline in the general price level but a decline in the expansion of total credit market debt outstanding, now unhelpfully called "all sectors credit market instruments liability level". The monetarists keep trying to get the borrowing engine going again, but to no avail, and the bottle of Viagra seems to be always in need of a refill. In six and a half years total credit market debt outstanding has grown by a paltry 18.7%. During the good old days of Jimmy Carter and Ronald Reagan TCMDO twice doubled in as little time. At this rate it will take 35 years from 2007 for TCMDO to double again when the longest it has taken in the post-war is about eleven and a half.

Conservatives may well mock the flacid, shriveling manhood of our metrosexual economy, but in the absence of structural measures designed to reward savers in the form of strong currencies and honest rates of return and punish spendthrifts with budget disciplines, what we are witnessing is a crack-up of epochal proportions which threatens to wipe away the achievements of centuries.

Who could possibly be happy about that?

The best that we can hope for is an arrangement which will buy us time to pay back what we have borrowed from the future for the prosperity of the past. It will require us to sober up. It will require personal repentance. The alternatives are a long slow decline into poverty, bankruptcy and war if we do nothing, or a stimulation-induced heart attack if we keep on the present path. 

Papal iniquity: Let him who is without money among you cast the first stone

So the pope has tweeted that inequality is the root of social evil.

The redefinition of terms is startling, as if there were a difference between social evil and individual evil. The classic formulation from 1 Timothy 6 says the love of money is the root of all evil, so what we have here is a pope who is at best unanchored. According to Jesus, you cannot serve both God and Mammon.

Speaking of which, since the cost of Christian discipleship according to Jesus is personal poverty, when the fabulously wealthy papacy and the rest of the world's Catholics become as poor as the poor there will be reason to pay attention, but until then the pontweetification will remain just that, and disappear into the ether.

Next stop, an appearance on The Tonight Show?

Like Obama, It Turns Out Texas' Abortion Champion Wendy Davis Hasn't Told The Whole Truth

The Dallas Morning News here has some of the details she "blurred":

Davis was 21, not 19, when she was divorced. She lived only a few months in the family mobile home while separated from her husband before moving into an apartment with her daughter.

A single mother working two jobs, she met Jeff Davis, a lawyer 13 years older than her, married him and had a second daughter. He paid for her last two years at Texas Christian University and her time at Harvard Law School, and kept their two daughters while she was in Boston. When they divorced in 2005, he was granted parental custody, and the girls stayed with him. Wendy Davis was directed to pay child support.

In an extensive interview last week, Davis acknowledged some chronological errors and incomplete details in what she and her aides have said about her life. ...

Davis defended the accuracy of her overall account as a young single mother who escaped poverty, earned an education and built a successful legal and political career through hard work and determination. ...

“I had a baby. I got divorced by the time I was 19 years old,” she testified in a recent federal lawsuit over redistricting. “After I got divorced, I lived in a mobile home park in southeast Fort Worth.” ...

Jeff Davis said ... around the time the final payment on their Harvard Law School loan was due. “It was ironic,” he said. “I made the last payment, and it was the next day she left.”

Rush Limbaugh Today Totally Botches Income Quintiles On The Program

"You keep using that word. I do not think it means what you think it means."

The relevant passage is here:

Poverty is expressed as an income level. Most economists break down income in America to five brackets, called quintiles, and people move in and out of these. The top quintile, I think, is like a million plus, and that'd be the top 1% of 1%. I forgot what the breakdown is, but the poverty level, it's roughly, what, $14,000 for a family of four? It's around there. People move in and out of these all the time.

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This is rich.

A quintile in this instance is one of any of the five groups of American households divided into those five groups based on how much money they make.

By definition, then, the top quintile is the richest 20% of households in America. So it's impossible for the top quintile to be "the top 1%", let alone "the top 1% of 1%".

As embarrassing as that is, Rush has absolutely no concept what it means to reach the top 20% of household income in this country.

The fact is it doesn't take all that much, and certainly nothing close to $1 million, hard as it may be to get there.

Currently the point in the middle of the top 20% of households by income is only about $181,905 per annum. That means about half the people in the top quintile make more than that, and about half make less. And interestingly enough, the middle of the richest 5% of households in this country isn't anywhere close to $1 million, either. The average household income of the top 5% is just $318,052. (For a good presentation of the data, see here.)

And Rush is equally out of touch about what it means to be poor. The federal definition for a family of four is about $23,500, not $14,000. The latter is about what it means for just one person to be poor, not four (see here).

Rush Limbaugh complains constantly about the sorry state of public education in this country. He even did so today in the same segment:

[L]ook at [President] Johnson's solutions. Education, job training, medical care, housing. That hasn't changed. The same weapons, the same language, the same way they tug at heartstrings. It's 1964, and they keep using the same lingo, obviously because it works. But look at how our education system's been since 1964 with them in charge.

Yep. Look at how it's been.

Rush is Exhibit A . . . the most popular radio host ever for a reason.

Rush Limbaugh's comments on the pope have been nothing if not lazy, so what's new?

Rush Limbaugh's comments on the pope have been nothing if not lazy, which most of his comments are in this late period of his career, and which is why one week after he made them on the pope we are still hearing about them in the media and on his own radio show. If Rush is being talked about, it's there on the show that you're sure to hear about it, because relevance was never so hard to keep up as it is in these days.

Here's Rush this very day in fact, claiming Reuters translated "unfettered capitalism" from the pope's remarks when Reuters hadn't done any such thing, one of the many little half-truths which are the stock in trade of The Rush Limbaugh Program; that phrase "unfettered capitalism" was never in quotation marks in the original Reuters story:

Now, what I had was a Reuters story that was reporting via the translation of the Holy Father's remarks, and in that translation were "unfettered capitalism," a huge, huge hit on what the pope was said to have called "trickle-down," and a plea for leaders of the world to do something about "income inequality" and about poverty and so forth, as though no one's been doing that.  I remember when I saw it, I was really shocked.  I could not believe...

Here's the original Reuters story speaking of unfettered capitalism but not in quotation marks:

Pope Francis called for renewal of the Roman Catholic Church and attacked unfettered capitalism as "a new tyranny," urging global leaders to fight poverty and growing inequality in the first major work he has authored alone as pontiff.

The fact is Reuters skewed this story in the direction of "unfettered capitalism" while the pope never used the words "unfettered" or "capitalism", choosing instead "the absolute autonomy of the marketplace and financial speculation" as the "new tyranny".

Here's as close as the pope comes to "unfettered capitalism" (this is easy to find online, but Rush cannot seem to), who only spoke of "unbridled consumerism" and never once mentioned unfettered capitalism, which comes as a surprise to Rush when callers protest as one did just today:

60. Today’s economic mechanisms promote inordinate consumption, yet it is evident that unbridled consumerism combined with inequality proves doubly damaging to the social fabric. Inequality eventually engenders a violence which recourse to arms cannot and never will be able to resolve. It serves only to offer false hopes to those clamouring for heightened security, even though nowadays we know that weapons and violence, rather than providing solutions, create new and more serious conflicts. Some simply content themselves with blaming the poor and the poorer countries themselves for their troubles; indulging in unwarranted generalizations, they claim that the solution is an “education” that would tranquilize them, making them tame and harmless. All this becomes even more exasperating for the marginalized in the light of the widespread and deeply rooted corruption found in many countries – in their governments, businesses and institutions – whatever the political ideology of their leaders.

The pope's message, after all is said and done, is really quite simple, as all ideologies are, the difference being that his is a heavenly one, not a terrestrial. He's obviously uncomfortable with American Catholics of the conservative persuasion who have been allying themselves with what is commonly called libertarian ideology, the devotees of which Russell Kirk famously named the "chirping sectarians" of the conservative movement, Rep. Paul Ryan being a prominent contemporary example thereof. For Kirk, it was their ideological habit of mind which marked them out as outsiders of the movement because they could not abide the persistent lack of conformity to principle which is endemic to fallen, human nature in need of salvation, and substituted for it a bastardized, immanentized eschaton of infinite freedom:

208. If anyone feels offended by my words, I would respond that I speak them with affection and with the best of intentions, quite apart from any personal interest or political ideology. My words are not those of a foe or an opponent. I am interested only in helping those who are in thrall to an individualistic, indifferent and self-centred mentality to be freed from those unworthy chains and to attain a way of living and thinking which is more humane, noble and fruitful, and which will bring dignity to their presence on this earth.

In the final analysis, conservatism represents an acquiescence to the sad predicament of human existence against which libertarianism never stops revolting, and Christianity represents a temporal and by definition incomplete response of God to life in that world. But for libertarianism, incomplete just isn't good enough.

If It's A Number And It's On Rush Limbaugh, You Can't Trust It

Here is today's Rush Limbaugh basic K-8 math error, which keeps him and his audience from appreciating the fact that high gasoline prices have been pummeling the American people for one year longer than he says they have:

"The number of people losing their jobs is up. The number of jobs lost, all of this, is up. The one thing that none of these stories cover is another thing that's going on, and that is the price of gasoline has been over $3 a gallon for 20 months now.  Now, Obamacare is gonna raise everybody's health care costs.  Premiums are gonna skyrocket. The cost of food is way up.  Gasoline is over $3."

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Actually the number of people losing their jobs is DOWN and down big in the last 2 months to a rate low enough to compete with George W. Bush, if it can be sustained. Usually part-time is not up significantly, and usually full-time is almost back to where it was on Election Day 2008. The real story there is the failure of full-time to recover to the 2006-2007 level.

But gas has been above $3 for 1000 consecutive days, according to The Wall Street Journal, not 600 days:

1000

------  = 33 months (not 20).

30

He read it, he flubbed it, boo hoo. And you people pay for that?

First Black President Brings Record High Poverty And Inequality As The New Normal

You talkin' to me?

Hm. Imagine that.

From the Associated Press story, here:

The nation's poverty rate remained stuck at 15 percent last year despite America's slowly reviving economy, a discouraging lack of improvement for the record 46.5 million poor and an unwelcome benchmark for President Barack Obama's recovery plans.

More than 1 in 7 Americans were living in poverty, not statistically different from the 46.2 million of 2011 and the sixth straight year the rate had failed to improve, the Census Bureau reported Tuesday. Median income for the nation's households was $51,017, also unchanged from the previous year after two consecutive annual declines, while the share of people without health insurance did improve but only a bit, from 15.7 percent to 15.4 percent.

"We're in the doldrums, with high poverty and inequality as the new normal for the foreseeable future," said Timothy Smeeding, an economics professor at the University of Wisconsin-Madison who specializes in income inequality. "The fact we've seen no real recovery in employment and wages means we've just flatlined." ... 

"This lack of improvement in poverty is disappointing and discouraging," said John Iceland, a former Census Bureau chief of the poverty and health statistics branch who is now a Penn State sociology professor. "This lack of progress in poverty indicates that these small improvements in the economy are not yet being equally shared by all."

Ron Haskins, a senior fellow at the Brookings Institution who specializes in poverty, agreed.

"Everything's on hold, but at a bad level; poverty and income did not change much in 2012," he said. "So child poverty is still too high and family income is still too low. The recession may be over, but try to tell that to these struggling families. Don't expect things to change until the American economy begins to generate more jobs."

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Way to go, Brownie!

Under Obama Identifying As "Lower Class" Reaches Highest Level Ever: 26 Million

400 homeless encampments in Marin County in 3 years

As reported here:

Roquemore is among the small but surging share of Americans who identify themselves as "lower class." Last year, a record 8.4% of Americans put themselves in that category — more than at any other time in the four decades that the question has been asked on the General Social Survey, a project of the independent research organization Norc at the University of Chicago.

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The September 11th story excerpted at left details the ongoing problems of homelessness and poverty in Marin County, California, during the last three years and concludes that there are about 630,000 Americans living like this throughout the country as we speak.

Read it, here.