4 Numbers That Prove
America Is a Deeply Messed Up Place
The mainstream media
rarely publishes facts like this.
By Paul Buchheit
March 16, 2015 "ICH"
- There's something perversely wrong with a
society that creates $30 trillion in new
wealth while putting six million more
children on food stamps.
The mainstream media rarely publishes facts
like this. The super-rich keep building up
their own numbers, as quietly as
possible. And our leading members of
Congress have little need for numbers,
except for budget cuts and the strings of
zeros at the end of their campaign
contributions.
But numbers have the power to reveal the
dramatic fall of the middle class over the
past 35 years.
1.138,000 Kids Were Homeless while
115,000 Households Were Each Making $10
Million Per Year
Recent
data has shown that the richest .1%
(115,000 households) have each increased
their wealth by an astonishing $10 million
per year. As they counted their money on a
frigid night in January, 138,000 children,
according to the
U.S. Department of Housing, were without
a place to call home.
2. The Average U.S. Household Pays
$400 to Feed and Clothe Walmart, McDonalds,
and Other Low-Wage Workers
The
Economic Policy Institute reports that
$45 billion per year in federal, state, and
other safety net support is paid to workers
earning less than $10.10 an hour. Thus the
average
U.S. household is paying about $400 to
employees in
low-wage industries such as food
service, retail, and personal care.
Walmart's well-advertised $1 raise will cost
the company about
$1 billion a year. Its profits last year
were about
$25 billion.
The sordid tale gets even worse, as told by
a
PBS report: Walmart has spent about $6.5
billion per year on stock buybacks to enrich
investors, approximately the same total
annual amount billed to taxpayers for food
stamps, Medicaid, housing, and other safety
net programs for the company's underpaid
employees.
3. As $30 Trillion in New Wealth was
being Created, the Number of Kids on Food
Stamps Increased 70%
Before the recession, 12 out of every 100
American children got food stamps. After the
recession, 20 out of every 100 American
children got food stamps.
That's nearly a
70 percent increase, from 9.5 million
kids in 2007 to 16 million kids in 2014, at
the same time that U.S. wealth was growing
by over
$30 trillion. Even with that
incomprehensible increase in wealth our
nation was not able to ensure food security
for millions of its
most vulnerable citizens.
4. Despite the Decline in Food
Security, the Food Stamp Program was Cut by
$8.6 Billion and the Money Paid to Corporate
Agriculture
As more and more children go hungry, the
largest agricultural firms continue to take
taxpayer money to supplement their billions
in profits. The 2014 farm bill
cut $8.6 billion (over the next ten
years) from the food stamp program, of which
nearly
half of all participants are children.
Meanwhile,
$14 billion is annually paid out to the
largest 10 percent of farm operators.
Beaten Up, Broken Down
The mainstream media
highlights the resurgent economy, the
booming stock market, and the drop in
unemployment. But the stock market has
enriched only about
ten percent of America, handing them
millions of dollars since the recession,
while the newly available jobs are
well below the skill levels of
college-trained adults and often without
health care and retirement benefits. Too
many once-prosperous Americans are beaten up
and broken down, waiting in vain for our
elected leaders to stop the redistribution
of our national wealth.