Following are a few numbers that clearly show the results of more than 40 years of Republican economic policies:
1 percent of Americans now control more than 40 percent of the nation’s wealth, while the bottom 40 percent of Americans control 0.2 percent of the wealth.
46.2 million Americans are living in poverty. 3.9 million working Americans are paid at or below the minimum wage. 12 million Americans are unemployed. 650,000 Americans are homeless. 50 million Americans, including 17 million children, don’t know where their next meal is coming from. 48.6 million don’t have health insurance.
Naturally, Teapublicans in Congress want to protect these people from further harm. I’m referring, of course, to the 1 percent! Even though taxes for the wealthy are at historic lows, Teapublicans believe they’re overtaxed. They absolutely refuse to consider asking these people to pay one more cent of their enormous wealth.
Those other people, according to Teapublican leaders, are merely the freeloaders who rely on the federal government for assistance.
Is it any wonder, then, that Congress is locked in a budget standoff with the president? The austerity cuts resulting from sequestration will cut 9 percent from unemployment checks and $175 million from energy assistance for the poor. Sequestration will cut rental assistance to 125,000 low-income families. It will put 100,000 previously homeless back on the streets. It will cut 70,000 kids from Head Start. And it’s projected to cost up to 750,000 jobs.
But these cuts are less cruel than the Teapublican demands to end sequestration. They want to cut SNAP food assistance for the poor. They want to cut Medicaid health assistance for children and low-income families. They want to cut Medicare, Social Security and more.
But don’t worry about the poor. They’ll get by. After all, they still own 0.2 percent of our nation’s wealth.