By Steve Hynd
Census figures released today show that last year the number of people living below the poverty line rose to 15.1% of the population - a whopping 46 million Americans. It's the highest figure since records began.
The number of Americans with no health insurance hovered at 49.9 million, up slightly from 49 million in 2010.
And as Paul Krugman notes, the IMF has come out and straigh-forwardly said that austerity programs to try to control national debt levels have a significant negative effect on unemployment. 1% of GDP in fiscal contraction will put 0.3% on the unemployment rate withing two or three years. Yet that's the course the U.S. and every other Western nation are all embarked upon.
That'll give the Tea Partiers something to cheer about!
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