Friday, August 29, 2008

Child poverty soars in Kentucky

Are liars like Phil Gramm still going to insist that the worst economic situation in 75 years is a hoax?

According to new Census Bureau data, the poverty rate in my home state of Kentucky increased in 2007 - as it has nationally. But the big picture is that families did progressively worse as the decade trudged on.

The online remnant of the Kentucky Post preposterously called it "a period of economic expansion." What expansion? The so-called economic growth actually wasn't growth at all: The circumstances of the Bush years left Kentuckians with a lower median income in 2007 than in 2001, when adjusted for inflation. In fact, Kentucky incomes dropped from 2006 to 2007 - even when not adjusted for inflation!

So how ya doin' 28 years after the beginning of America's agonizing decline?

(Source: http://www.kypost.com/news/local/story.aspx?content_id=f05575ed-9748-4aad-abb6-2cd9f37e49fa)

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