More depressing news

According to the US census bureau the US poverty rate continues to rise:

An extra 1.1 million Americans dropped below the poverty line last year, according to the US Census Bureau. There were 37 million people living in poverty in 2004, up 12.7% from the previous year.

And of course, the rich get richer:

The ratio of average CEO pay to the average pay of a production (i.e., non-management) worker was 431-to-1, up from 301-to-1 in 2003, according to “Executive Excess,” an annual report released Tuesday by the liberal research groups United for a Fair Economy and the Institute for Policy Studies.

I understand that most Americans feel as though they will someday be rich, but given these statistics — they are more then likely to be poor.

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