230
Fun fact: 63% of US workers can't afford a $500 expense
(lemmy.today)
SOURCES:
- https://www.theguardian.com/us-news/2023/sep/15/biden-economy-bidenomics-poll-republicans-democrats-independents
- https://abcnews.go.com/US/us-poverty-rate-jumped-2022-child-poverty-doubled/story?id=103130527
- https://www.cnbc.com/2023/08/31/63percent-of-workers-are-unable-to-pay-a-500-emergency-expense-survey.html
Enjoy your strong economy, everybody!
Child poverty increased due to the expiration of the expanded child tax credit passed as a part of the American Rescue Plan. The expanded child tax credit had cut the child poverty level in HALF. Democrats were not able to renew the child tax credit due to opposition from Manchin and Republicans.
The economy is doing well. Hand-wringing over issues that Democrats were not able to address as they did not have enough power in Washington is going to make things worse for everyone.
Fuck Joe Manchin and fuck the system of government that lets him cast children into poverty
Anybody with a shred of knowledge about the child tax credit knows exactly this. Biden's economy is doing fine. It's republicans repealing democratic policies that make the economy worse.
Tale as old as time.