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Wednesday, May 25, 2011

Social Insurance Keeps Millions Out of Poverty

Why would we even think of reducing anti-poverty programs before increasing taxes on the wealthy, say to where they were before George Bush decided that we needed to get rid of Clinton's budget surplus (one of the few things he did well)?:
Public Programs Keep Millions Out of Poverty, CBPP: With anti-poverty programs under serious attack in Washington, here’s something to keep in mind: a major new study from the National Bureau of Economic Research (NBER) finds that public programs keep one in six Americans out of poverty — primarily the elderly, disabled, and working poor — and that the poverty rate would double without these programs.

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