THERE ARE TWO TYPES OF VICTIMS OF THE ECONOMY
THERE ARE TWO TYPES OF VICTIMS OF THE ECONOMY
A study recently conducted indicates that as our economy is slumping, the rate of economically based or motivated crimes is increasing at astonishing rates. Research shows that burglary and robbery rates always increase during times of economic woe; as people who are struggling with paying their debts and aren’t equipped with the tools for proper debt management or debt cosolidation, sometimes become desperate and resort to crime.
According to Professor Richard Rosenfeld of the University of Missouri-St. Louis; some studies show a one year lag between changes in the economy and debt related crime rate increases.
Would that mean we have yet to see the worst of the rise in crime; New York City and Tucson have already seen increases in theft and homicide, as well are crimes against property in Providence and Chicago.
The recession also contributes to a loss of police enforcement resources; as city and state agencies struggle with debt management and decreasing revenue from taxes, they are forced to make budget cuts to reduce debt and their ability to reduce crime is hindered.
During the Great Depression FDR’s New Deal work relief programs helped to deter crime. “ A 10% increase in government spending on work programs in the 1930’s,” says Price Fitzpatrick a University of Arizona economist, was associated with a 1% reduction in crime.”
With the Obama administration spending close to 1.2 trillion dollars on a government stimulus plan, I guess America should be crime free once the stimulus plan takes effect, even though we will owe a debt that our children’s children will be paying for years to come.
There are two types of victims of the economy; people who are struggling with debt management in an economy plundered by Wall Street greed and those who have been robbed at gun point or worse, either way the perpetrators all belong in the same jail cell.
Tags: debt cosolidation