According to CBS News, "the number of people in the U.S. living in poverty in 2010 rose for the fourth year in a row, representing the largest number of Americans in poverty in the 52 years since such estimates have been published by the U.S. Census Bureau." MSNBC said, "The U.S. poverty rate remains among the highest in the developed world." Let's look at a few poverty facts.
Justice Oliver Wendell Holmes said that a good catch phrase could stop thinking for 50 years. One of the often-repeated catch phrases of our time — "It's the economy, stupid!" — has already stopped thinking in some quarters for a couple of decades.
Not long ago, factions on both sides of the political aisle — from Republican Senator Charles Grassley in 1994, to liberal Supreme Court Justice Stephen Breyer in 2008 — viewed allegations of massive prying by government agencies, which purportedly tracked the personal information and activities of private citizens, as lunatic-fringe alarmism. But in the aftermath of United States v. Jones last week, even former skeptics are worried that the proverbial boat has sailed.
“Civilizations die from suicide, not by murder,” said British historian Arnold Toynbee.
We’re seeing exactly that today in Greece, Italy, Portugal, and Ireland. In all those cases, the ineptness of government and the mismanagement of domestic economic policy have turned once-great nations into beggar states.