vincentML
Posts: 9980
Joined: 10/31/2009 Status: offline
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quote:
ORIGINAL: tj444 quote:
ORIGINAL: vincentML quote:
the US is becoming more and more like those other countries.. when people (who actually do have jobs) have to choose between paying rent or buying food at the end of the month.. then there is very much wrong.. in those other countries people are starving, and people in the US also are starving.. people in other countries sleep on a dirt floor, and people in the US sleep on the dirt ground.. I am talking about American homeless (or about to be homeless), in particular, and don't forget, in those other countries there are rich and well to do people also, just like here.. tj, this is nothing new. The social safety net dates back only to the 1930s. Now, the Right is doing their best to erode even those meager accomplishments. no, you are right.. it is nothing new.. but it is getting much worse & will be worse in the future.. even tho this last "recession" was the worst economic disaster since the Great Depression, rents did not decrease by much and have since increased back up again.. and with Obamacare, some companies cut the hours of their workers to less than 30/week.. for a minimum wage earner, how do they afford to pay rent? or for food? they cant.. these people pay as much as 55% of their wages just for rent.. and for some, their rental is likely one step from being condemned.. but they live there, pay their rent before they buy food and don't bitch cuz if they do then they are literally on the street & homeless.. Rents have increased due to the massive foreclosure of housing that resulted from subprime mortgages sold to those who could not afford them. Wells Fargo and Coutrywide settled lawsuits for targeting the poor, especially blacks with ballooning mortgages. Obviously, the fraudulent "ownership society" con game had much to do with the crash of housing values and destruction of credit this time. History repeats itself sort of. The poor and near poor get snookered one way or another and wealth accumulates upwards.
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