fatvegan

On Thursday the U.S. Census Bureau said the number of Americans living in poverty rose by 1.3 million in 2003, climbing for the third consecutive year and pushing the nation's poverty rate to 12.5 percent. Worse, the share living in "extreme" poverty -- or less than half the official poverty line -- rose to an all-time high, while the share of single parents holding jobs went down. And in a number that should shame any advanced society, Census officials said that nearly one in five American children lives in poverty. Poverty rising/While the safety net shrinks

America becomes more unequal every year. But, on the up-side, corporate profits continue to increase significantly. $1 trillion dollars in tax cuts to the upper class has surely helped.

Macroeconomic "theory" is at the heart of this crappiness. I don't like macroeconomics. My textbook uses America as an example of a country that has benefited enormously from low wages and corporate tax cuts. They're more than welcome to keep those benefits.

Lousy Peter Costello and his Mercedes-driving "middle-income" families. Bah on him. And bah on trickle-down in all it's nasty forms.