America's Homeless Experiencing Longest Period of Recession

America's Homeless Experiencing Longest Period of Recession

WASHINGTON - The U.S. Treasury Department released its annual fiscal budget today and found that the homeless class, that is those Americans without homes, is experiencing the longest period of recession of any economic group currently living in the United States. "We feel that the long recession among the homeless is due to a lack of a regular income and inability to retain jobs for extended periods of time," said Treasury Secretary Paul O'Neill. O'Neill estimated that the homeless have been experiencing this recession for more than 100 years due to factors including the stock market crash of 1929 and their lack of homes.