Peter Schiff: Government perpetuates poverty

[postlink]http://werehit.blogspot.com/2011/10/peter-schiff-government-perpetuates.html[/postlink]http://www.youtube.com/watch?v=T7JImMF3Dhoendofvid
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WE'RE HIT!!! TELEVISION
Mark Matheny
October 9, 2011

Peter Schiff Interview on RT News, September 27, 2011.

While Obama charges $36,000 for a dinner campaigning for his re election in 2012, millions of Americans live below the poverty level.

Relocate Magazine.com

According to the latest data from the US Census Bureau, the number of American citizens living below the poverty line reached 46.2 million last year.

The 2010 poverty rate of 15.1% is the highest since 1993, and is significantly higher than the 2009 figure (14.3%).

The definition of poverty employed by the Census Bureau is an annual income of $22,314 (£14,129) or less for a family of four, or $11,139 for an individual. Worryingly, the number of people below this poverty line in the USA has now risen for four consecutive years.

The figures also tell of large inequalities between different ethnic groups within the United States. Poverty among the black and hispanic populations, for instance, is far greater than the national average – at 27.4% and 26.6% respectively.

Younger Americans were also badly affected – poverty among under 18s rose 1.3% since 2009. [endtext]