Let's talk about poor people in America. Statistics from the Census Bureau out this week say poverty is increasing for the first time in 22 years. The bureau puts the number at about 38 million folks living below the poverty line of $30,000 a year for a family of four.
President Biden says poverty is increasing because of some cutbacks to the massive social programs Democrats have created. The left is committed to supporting Americans who cannot cut it in the marketplace by giving them entitlements gleaned from the taxes of working people. This is called " income redistribution."
The problem here is that the federal government now owes about $33 trillion dollars. The USA cannot cover its massive bills, so it has to borrow.
Joe Biden could not care less. He is in business to buy votes by promising free stuff to the have-nots. He has absolutely no plan to reduce poverty through achievement.
America offers more opportunities than any other country, but you have to seize it. Having babies out of wedlock with no assets will guarantee you'll be poor. Becoming a substance abuser leads to poverty. So does failing to get an education or refusing to develop a skill.
There are many pathways to avoid economic hardship. The military, community college degrees, working your butt off, and saving your money. But sitting around waiting for government assistance is a doom loop.
That's the truth. Someone tell Joe Biden.
See you this evening for the No Spin News.