US poor face economic hit as shutdown, childcare cliff, student loans converge
US poor face economic hit as shutdown, childcare cliff, student loans converge
Lower income households and Black and Latino communities will be hit hard when a confluence of U.S. economic events kick off next week, including a sharp drop in childcare funding, economists, analysts and government officials said.
About 12.4%, some 41 million, of the U.S.'s 333 million people live at or below the poverty line, the Census Bureau calculates, which is set at about $29,678 for a household of two adults and two chidren.
That rate fell to a record low in 2021 thanks to COVID-19 federal support, but has jumped as these programs expired.
Hardline Republicans in the House have rejected a deal the Republican-led House negotiated with U.S. President Joe Biden in May for $1.59 trillion in discretionary spending in fiscal 2024, paving the way for wide swaths of the government to shut down for the fourth time in a decade.
We fucking hate the poor in the US don't we?
What a cruel stupid country.
16We did declare war on them
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Looks like republicans are going to blame democrats for this crisis, looks like this will help them in 2024, looks like it will result in republican victories as it always does. >!even though it's their fault, like almost always 🤦!<
13The Republicans lost the presidency, the house, and the senate in 2020 following the 2018 shutdowns.
Don't be so quick to think this helps them in the slightest.
8True, but it might be a tossup whether that was voting against Trump's party or voting against the party that caused the shutdown. I do hope you're right though, fingers crossed!
5Even most of the Republicans think a shutdown will hurt them
2
Stop being poor for fuck sake. We got proxy wars and corporations to feed.
5A shutdown could cause a rapid loss of food benefits for nearly 7 million low-income women and children on the Special Supplemental Nutrition Program for Women, Infacts and Children, or WIC, U.S. officials said Tuesday.
But don't worry, the Pentagon is exempting Ukraine operations from the government shutdown.
Really shows the priorities of this country.
1The machine must be fed. No matter what happens, the machine feeds.
3At some point replacement cogs are going to start running low.
5
Would you prefer the Pentagon stop operating?
The entire thing is stupid, but there's one party that's squarely responsible for this. Go ask the House GOP why they don't care about halting SNAP payments, but I don't see how enabling Russia to slaughter more Ukrainians would be better.
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Dont forget the millions of Americans not allowed to get any help with health insurance, because theyre too poor to qualify for it.
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