California's poverty rate highest in more than a decade
The state's poverty rate last year rose to its highest level in more than a decade 16.3 percent as household incomes plunged by 5 percent, according to census figures released Tuesday.
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#1 Sep 15, 2011
Is this supposed to surprise anyone...?
When you have a state Government that spends it time passing laws governing Shark Fin Soup and granting illegal aliens money to go to school financed by the taxpayer, what do you expect.
California's legislature thing the the answer is to tax Businesses more. When businesses leave the state to find someplace less expensive to stay in business and then people lose jobs and then go to the government to help with unemployment and welfare, do you know what Governments answer is again...
Increase taxes on businesses to pay for all the people out of work...
It's a never ending cycle... Unless you the voter get control of your government and make California a business friendly state again.
#2 Sep 15, 2011
"California's poverty rate highest in more than a decade"
AKA, "Success of the Dem & Lib Agenda!"
#3 Sep 15, 2011
We could do anything under obama.........bailout banks, car companies, cash for your clunker, have your home weatherized, why not do something -"real nice for the people"- who are paying for it all?
Offer taxpayers undergoing foreclosure the same rate the banks received
Interest Rate: 0.75% ARM*
Re-amortize loans to 50 years
Index interest rates to the federal unemployment rate
ARM* indexed to the unemployment number.(6-month lag)
9 % >10 % unemployment =. 75%
8 %>9 % unemployment = 1.50%
7%>8 % unemployment = 2.25%
6%>7% unemployment = 3.00%
5%>6% unemployment = 3.75%
A $300,000 foreclosure loan would have its monthly payment of $1362.42 reduced to $599.75
A $200,000 loan monthly payment reduced to about $400.00
A $100,000 loan monthly payment reduced to about $200.00
The new loan would be nonassumeable and no type of HELOC
We could pick a time certain or set a mortgage limit.
Can you see any stabilization of RE by having these homes off the market?"
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