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Child poverty in the US goes from 5% to 12%

ataraxia said:
Raise the taxes back to where they were and it won’t be a problem.
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In what year? Federal revenue (taxation) has remained about 17% of GDP since the 1950s.

Federal Receipts as Percent of Gross Domestic Product

Graph and download economic data for Federal Receipts as Percent of Gross Domestic Product (FYFRGDA188S) from 1929 to 2024 about receipts, federal, GDP, and USA.
fred.stlouisfed.org

What has changed (since 2000) is non-defense federal spending.


 
Greenbeard said:
The kids already took a haircut, that's what this thread is about. What are the old folks willing to give up?
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No they didn't. They got some extra formal while. That is not taking a haircut.
 
Greenbeard said:
The kids already took a haircut, that's what this thread is about. What are the old folks willing to give up?
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Things simply returned to their pre-pandemic level. It’s (hopefully) not uncommon for ‘emergency’ (spending) measures to be allowed to expire.
 
Your source doesn't believe in the social safety net.

Committee for a Responsible Federal Budget - Bias and Credibility

RIGHT-CENTER BIAS These media sources are slight to moderately conservative in bias. They often publish factual information that utilizes loaded words
mediabiasfactcheck.com
 
Simpletruther said:
No they didn't. They got some extra formal while. That is not taking a haircut.
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Yes, many of those children briefly got out of poverty thanks to the American Rescue Plan and are now back in it because Congress felt that’s not a worthwhile budgetary commitment long-term.

So what are the old folks willing to give up?
 
Looking at actual child poverty rates, they look to historically average more or less about 15% with a sharp decrease in the time period where during Covid there was a $300 per child credit provided every month to many families.

I guess we have to ask ourselves, is giving away money to families, estimated to be about $1.6 trillion for 9 year period worth it? I think at heart we all want less children to be out of poverty but just handing out money, thus incentivizing having more kids, may not be the answer. Maybe some of those funds would be better allocated to do other things for our kids: universal free lunch, college scholarships, after school programs./activities - things our young people do need and will benefit them.
 
Greenbeard said:
Yes, many of those children briefly got out of poverty thanks to the American Rescue Plan and are now back in it because Congress felt that’s not a worthwhile budgetary commitment long-term.

So what are the old folks willing to give up?
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There was no ‘pay for’ in the $1.9T ARP.

What Is the American Rescue Plan Act of 2021?

President Joseph R. Biden enacted the American Rescue Plan Act of 2021 to help the COVID-19 recovery.
www.investopedia.com
 
Such a lot of heartless replies.
 

Sorry, this 'we need children living in poverty to not incentivize more kids' is a very wrong-headed view.
 
Craig234 said:
Sorry, this 'we need children living in poverty to not incentivize more kids' is a very wrong-headed view.
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So you think sending eligible families $300 per child every month would be the only answer at reducing child poverty rates?
 
americanwoman said:
So you think sending eligible families $300 per child every month would be the only answer at reducing child poverty rates?
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I didn't say that. But it's a lot better than what happened, Republicans just ending it; if you prefer another solution, the burden is on you to specify it and ensure it actually happens as a replacement, not just empty arguing while supporting ending the policy that worked.
 

Pumping $1.9T of borrowed federal funds into the economy didn’t work, but it did help cause CPI inflation to soar.
 
Another example of cutting off one's nose to spit one's face. Thank you Joe Manchin and GOP buddies. The cost of maintaining such high levels of child poverty bits us in the ass in so many ways and ultimately costs us more than the extended child tax credit did.

Notice that there is now an effort in the Senate on the D side to bring back virtually the same extended child tax credit that was in the Biden Bill and a similar effort by Senate R's but with a whole bunch of other crap added to it. All by way of saying that everybody with half a brain realizes the extended child tax credit should not have ended up on the cutting room floor.
 
Greenbeard said:
Yes, many of those children briefly got out of poverty thanks to the American Rescue Plan and are now back in it because Congress felt that’s not a worthwhile budgetary commitment long-term.

So what are the old folks willing to give up?
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Everybody needs to take a hit. Across the board.
 
Actually I knew that. You must not know what logic is.

I could have had a civil debate with you. Had you chose that route. But now its on.
 

Twas Democrats, I do believe, that made that tax measure temporary, and the current President (what is his party again?) who signed it as such.
 
cpwill said:
Twas Democrats, I do believe, that made that tax measure temporary, and the current President (what is his party again?) who signed it as such.
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Yep, a temporary ‘emergency’ measure passed by demorats was allowed to expire. Proof that it was the republicant’s fault.
 
noonereal said:
Poverty today is not want it was 100 years ago.

Very misleading numbers.
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Slavery used to exist so don't whine when you think liberals are overbearing in their governance.
 
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