Tag: Welfare

Let’s Start a Tax Revolt with Our iPhones »

Tax Day is upon us and at the federal level we’re told that Washington spends $3.5 trillion a year. The annual federal deficit stands at $514 billion. The national debt has climbed to $17.6 trillion. All of these numbers are staggering, and that’s the problem. Few people can relate to such large numbers because...
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Intergenerational Transfers and Political Support for the Welfare State »

Supporters of the welfare state might see it as a mechanism for transferring income from rich to poor with the idea of helping those at the bottom end of the income distribution, but in the United States, the welfare state is increasingly transferring income from the young to the old, regardless of the wealth...
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Common Ground »

I often find myself disagreeing with Cynthia Tucker, the Progressive journalist and professor, so I was happy to read a recent column of hers, on the farm bill that just passed the House, and find that she and I share some common ground on our views toward government. She considers the bill an example...
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The Failure of the “War on Poverty” in One Picture »

Source of chart: Jonathan Hoenig (@JonathanHoenig), Chicago, IL, based on U.S. Census data The poverty rate in the United States fell by half from 1950 to the start of the “War on Poverty.” And it was on track to continue falling. But after the “War on Poverty” programs kicked in, the poverty rate has...
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President Obama on Inequality: Rhetoric vs. Reality »

President Obama has recently promoted inequality as a fundamental threat to our way of life, saying, “The combined trends of increased inequality and decreasing mobility pose a fundamental threat to the American Dream, our way of life, and what we stand for around the globe.” You can read the rhetoric here. Let’s look at...
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Entitlements »

Here is a story about a recent court case in which a federal judge blocked the State of Georgia from charging $5 per month charge to low-income recipients for federally-subsidized cell phone service. One reason I find this interesting is that as recently as 1999 only 32% of Americans had cell phones, according to...
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Eliminate Long-Term Unemployment Compensation »

Unless Congress decides to extend it, long-term unemployment compensation will expire on December 28. Unemployment compensation has typically been available for up to 26 weeks of unemployment, but has been extended during the past recession to up to 99 weeks. When you pay people to be unemployed, then not surprisingly, you get more unemployed...
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It’s Official: The Top 40% of Income Earners Pay More Than 100% of Federal Income Taxes »

The Congressional Budget Office has just published a study, The Distribution of Household Income and Federal Taxes, 2010, which shows that the top 40% of income earners paid 106.2% of total federal income taxes, while the bottom 40% paid -9.1%. This isn’t the study’s headline, so you have to dig a bit to get...
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War on the Poor »

One of the biggest differences in how the left and the right view the world concerns the welfare state. Currently, the federal government spends about $1 trillion a year on 126 means tested welfare programs. That amounts to almost $22,000 for every poor person in America, or $88,000 for a family of four. What...
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Pelosi Caught on Obamacare Lies »

On the November 17th edition of “Meet the Press,” NBC’s David Gregory admirably confronts Nancy Pelosi, having been a key architect and political organizer for Obamacare as House Majority Leader, regarding her June 10, 2009, MSNBC TV-interview statement that, “What we are talking about is affordable, quality, accessible healthcare for all Americans. It’s about...
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