Dr. Jerome Corsi
A series of reports released by the Census Bureau this month make clear the income gap between the richest and poorest Americans is widening, as free-trade globalism destroys the U.S. middle class.
Red Alert has consistently warned that the current high rate of unemployment and the shrinking of the middle class are not the result of a current recession.
Instead, the main argument of my book “America for Sale: Fighting the New World Order, Surviving a Global Depression, and Preserving USA Sovereignty” is that this is what globalism looks like.
In a global economy, where U.S. workers are forced to compete with Chinese workers who make less than $1 an hour, the jobs outsourced to countries like China and India are not returning.
Equally, while the United States is exporting high-paying jobs, the nation is importing an underclass across open borders, providing additional pressure on salaries and benefits in lower-paying jobs.
Inevitably, the cycle of poverty deepens as the economic downturn reduces job opportunities and forces more of the middle class into poverty.
The tragedy is that those pushed into poverty are likely to stay there, as Democrats continue to propose big government solutions, unable or unwilling to admit that increased taxes destroy jobs every bit as much as government-funded welfare programs perpetuate poverty.
Record income gap develops
Income inequality in the United States, defined as the gap between the top and lowest wage earners, has never been greater, despite spending an estimated $13 trillion on poverty programs since Lyndon Johnson declared a “war on poverty” some 45 years ago.
President Obama has increased spending on anti-poverty programs at an unprecedented rate, increasing spending on welfare programs by more than $120 billion in his first year-and-a-half in office, compared to the $80 billion in welfare spending that President George W. Bush increased over his second term.
Still, the income gap widens and poverty persists.