Poor struggle in recession

The income gap between the top third and bottom third did widen. Declining incomes have hit the poor hard as we enter yet another recession. Many never did recover from the last recession of 2000 and now face a bigger badder downturn.

In states, the tax revenues will decline as there is less income from sales tax and property tax. Also as companies move factories overseas less work. Now outsourcing is destroying even more jobs.

I predict trouble and tribulation in the years ahead.