How Poor are “The Poor” in America?

Money

They’re not as poor as you would think. The latest census bureau figures tell us some interesting facts about “the Poor.”

  • 80 percent of poor households have air conditioning
  • Nearly three-fourths have a car or truck, and 31 percent have two or more cars or trucks
  • Nearly two-thirds have cable or satellite television
  • Two-thirds have at least one DVD player and 70 percent have a VCR
  • Half have a personal computer, and one in seven have two or more computers
  • More than half of poor families with children have a video game system, such as an Xbox or PlayStation
  • 43 percent have Internet access
  • One-third have a wide-screen plasma or LCD television
  • One-fourth have a digital video recorder system, such as a TiVo

Continue reading

Economics 101

Money

Any project paid for with tax money (public sector) will not grow the economy. Only projects paid for with investment money (private sector) will grow the economy. Spending money in the public sector, as Obama has done, is why the stimulus money has not grown the economy. Tax cuts (for everybody) and reduced spending on entitlements and government pork projects is how we will grow the economy and put people back to work.

Enhanced by Zemanta

Soak the Rich?

Aside

Money

All of Obama‘s talk about making “millionaires and billionaires pay their fair share” is nothing but Marxist class warfare. According to the IRS, the richest 8,724 people who make over $10 million / year earned a total of $240 billion. Even if you confiscate everything from the “billionaires,” that would only be enough to keep the government running for 24 days.

Read the Article at the Daily Mail.

Enhanced by Zemanta