Saturday, February 24, 2007

16 million

so 16 million people live in "severe poverty" in the US. And the number is growing fast. Europe, meanwhile, has a "stagnant" economy, presumably with no growth possible.
According to the McClatchey article, the number of "severely poor" grew by 26% between 2000 and 2005. And the likelihood of things getting better does not seem very high. So anyone who tells you that the US economy is the most dynamic and wonderful in the world, is dropping important figures out of their definition of "growth," punto.

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