Friday, September 17, 2010

Attacks on Working People are Accelerating

There are a number of disturbing reports about the increasing adverse effects on working people caused by the financial elite's gambling losses and the resulting economic collapse

US homes lost to foreclosure up 25 pct on year
Due to the prolonged economic meltdown, many states are now making drastic cuts in funding for social services - such as health, education, and public housing - but not on policing and prison improvement and expansion.
Number of uninsured Americans rises to 50.7 million 
A record rise in the number of people without health insurance across the nation is fueling renewed debate over a health care law that could to work better at boosting coverage than controlling costs.
Money for Prisons, Not for Social Services
Many of those who have lost their jobs and homes in the United States due to the lingering economic recession are ending up in jail, according to a new study released by an independent think tank Thursday.
Forty-four million living in poverty in the US
The number of people living in poverty in America rose to 43.6 million in 2009, the US Census Bureau reported Thursday. This is the largest number since the agency began making such estimates 50 years ago and represents an increase of 3.8 million compared to 2008.

As of last year, one in every seven Americans was poor, according to the government’s definition of poverty. The official poverty rate of 14.3 percent is the highest since 1994.