Friday, March 22, 2013

Growing Poverty in America

It is true America is also slowly but surely becoming like rest of the world. Rich get richer, poor get poorer and the middle class is struggling to pay for the welfare of latter and luxury of the former. According to a newsreport on MSN: "The number of suburban residents living in poverty rose by nearly 64 percent between 2000 and 2011." That is an astounding statistic. At this rate there will be no middle class after a few decades. There will be only two classes the rich minority and the poor majority. I wonder what checks and balances exist in the American constitution/ capitalistic economic model to stem the tide of poverty from sweeping across the nation. We will have to just wait and watch.