Source Pravda.Ru

Research: Every fifth American needs state aid

The latest report of the US Census Bureau shows a distressing tendency. One in five US residents needs financial state assistance.

The figures are comparable to those during the Great Depression.

"Approximately 52.2 million (or 21.3 percent) people in the U.S. participated in major means-tested government assistance programs each month in 2012," the report says.

The programs include Medicaid, the Supplemental Nutrition Assistance Program, or SNAP (formerly known as "food stamps"), Supplemental Security Income (SSI), Temporary Assistance for Needy Families (TANF) and General Assistance (GA).

The number of Americans needing some sort of government (taxpayer) assistance has grown dramatically over the past decade.

Meanwhile, the Obama Administration keeps assuring, that the economy has improved during his presidency. The stock market has risen, as well as corporate bank accounts, but what this has to do with common people is a question mark?

Pravda.Ru reported, that the US public debt keeps rising, and can make up 101% of GDP by 2039, beating the records of WWII. That means that federal expenditure for the people will be reduced even further.

Also read: US government debt to beat 'records' of WWII

Pravda.Ru

Read article in Russian on the Russian version of Pravda.Ru

Read more on the subject here

 

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
Comments
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
North Korea is not a threat to the US
North Korea is not a threat to the US
Saudi Arabia readies to enjoy cinemas and music for the first time in 40 years
Capitalism reduced Indonesian cities to infested carcases
Russian politician says Donald Trump extremely dangerous for Russia
ISIS threatens to conduct large-scale terrorist attacks in USA for Jerusalem decision
American Bioweaponry
Capitalism reduced Indonesian cities to infested carcases
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Russia on the eve of another Crimea referendum
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Europeans say what puzzles them in Russia most
Russian man grows abnormally large biceps that he calls bazookas
Science and Technology. Consensus builders for the media instrument