Obama-nomics: Homelessness on the Rise
by Dan Riehl 19 Oct 2013, 1:27 PM PDT
Families with children are facing stagnant incomes, if not unemployment and increased housing costs driving rents beyond their reach, thereby growing the number of homeless Americans in an increasingly failed Obama economy.
Add in increased unemployment, or reduced hours thanks to ObamaCare and Americans are facing more challenges, not fewer with a man in office who promised all but entry into the Promised Land when he initially campaigned for the presidency.
For households with children, rising housing costs, elevated unemployment and stagnant earnings are increasingly placing rent beyond reach. The housing slump made matters worse as former homeowners turned into renters, increasing competition for available apartments.
“There is just a mismatch between what people earn and what it takes to pay for housing,” said Sheila Crowley, chief executive officer of the Washington-based National Low Income Housing Coalition. “Unemployment continues to be persistently high, and wage stagnation at the low end seems to go out as far as the eye can see.”
As if that weren't bad enough, plenty of them will likely be looking at fines or health insurance payments they can barely afford, assuming Obama ever does manage to roll out an increasingly unpopular national healthcare system.