The New Poor Left Out of the Bailout

As the roster of corporations and financial institutions on line for government bailouts seems to grow, thankfully at least some public policy advocates in Washington D.C. are calling on policymakers to focus more efforts on the nation's poorest.

"Recent data show poverty is already rising quite substantially," says Robert Greenstein, the executive director of the Center on Budget and Policy Priorities. "There is a strong potential for more hardship and destitution than we have seen in this country in a number of decades."

An estimated 36.5 million Americans currently live below the poverty line, but those numbers will likely increase by as many as 10.3 million as current projections for the depth and duration of the recession hold true.


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