Poverty now rampant: Half of U.S. kids on food stamps

(NaturalNews) – Almost half of all children living in the United States will receive food stamp assistance at some point before they turn 18, according to a study conducted by researchers from Cornell and Washington Universities and published in the Archives of Pediatrics and Adolescent Medicine. Continue reading

Banking and Housing Payments Devoured the Middle Class Income – 1 out of 10 Americans on Food Stamps and how the Fed Slowly Devalued the Dollars in your Wallet

It is a challenge to say that things are getting better when every month that goes by more Americans are losing their jobs or needing to apply for food assistance.  In the latest data for food assistance through SNAP we find that 200,000 more Americans were added to the program.  That now brings the total number of Americans on food assistance to 38,183,000.  1 out of 10 Americans are receiving food assistance.  For 2009 this cost the government $50 billion, up from $34 billion in 2008 and $30 billion in 2007.  It should be no surprise then that average Americans are questioning the viability of a middle class in the upcoming decade.

But even when we look at the balance sheet of the government, things are still not improving: Read More Here

Millions More US Children in Poverty

The “Great Recession” of 2008 and 2009 has spread poverty to millions more US children, according to a recent report by the Brookings Institute. The report, “The Effects of the Recession on Child Poverty,” estimates that a large number of states witnessed marked increases in child poverty in 2009. Continue reading

MSM: US troop death in Afghanistan doubles toll for 2008

(AP) – A bomb attack killed a US service member in Afghanistan, NATO said Sunday, doubling the number of American soldiers killed in the country this year compared with 2008, according to an AFP tally. Continue reading

MSM: Bailout May Cost $23.7 Trillion – Barofsky

(HuffingtonPost) – The federal government has devoted $4.7 trillion to help the financial sector through its crisis, a level of assistance equal to about one-third of the overall U.S. economy, a watchdog report said Monday. Continue reading

Bailed out insurance giant AIG plans $198 million in new bonuses

American International Group, which has received nearly $200 billion in bailout funds from the federal government, is slated to pay 400 employees in its financial products division another $198 million, according to a report published Wednesday by the Neil Barofsky, the special inspector general for the Troubled Asset Relief Program (TARP). Continue reading

10,000 apply for 90 factory jobs

In the latest sign of weakness in Louisville-area employment, about 10,000 people applied over three days for 90 jobs building washing machines at General Electric for about $27,000 per year and hefty benefits. Continue reading