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(Telegram)   Poverty rate has only dropped from 19% to 15% since Lyndon Johnson declared war 50 years ago, but it would be 271% without his heroic intervention   (telegram.com) divider line 25
    More: Unlikely, Lyndon Johnson, poverty line, intervention, private sector, Jason Furman, Roaring Twenties, cash assistance, real income  
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1108 clicks; posted to Politics » on 05 Jan 2014 at 12:57 PM (36 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-01-05 03:08:55 PM
3 votes:

StrikitRich: El Pachuco: His comment also seems to iimplicitly ignore the fact that all other major currencies have inflation as well, and implies only the dollar has seen a reduction.

And what does the fact that other currencies have also inflated have to do with US wages?  Are German wages directly tied to US inflation?  Australian?  Brazilian? I'm paid in US Dollars, not Rand, Pounds, Pesos or Marks.


It ignores the fact that governments all over cannot directly control their currencies.  Even the smallest economy has too many participants, asset categories and factors to be able to keep a currency completely flat for even one year.  This leaves a choice between inflation and deflation, large or small.


For reasons too complex for this forum, mild inflation is the best, or least-worst, option, and the fact that modern governments do have enough control to keep inflation under control even through the recent bank/mortgage catastrophe is a testament to the abilities of the Federal Reserve and its foreign counterparts.


But as always, folks with little to no education on the subject have no problem whinging about how awful it is that you can't buy things today at 1914 prices (with 2014 wages, natch, not 1914 wages), and it's all the Fed's fault, and especially every D administration, and thank god St. Reagan fought them tooth and nail or we'd be like Zimbabwe with wheelbarrows of cash to buy a loaf of bread and furthermore.


3.bp.blogspot.com

Up until 1950, inflation and deflation wrought havoc on the economy as various factors pushed the dollar around willy-nilly. This makes planning, debt payments and all kinds of time-based finance activities kinda difficult, dontchathink?

And then it flattens out after WWII, aside from the Energy Crisis and other temporary factors, even through the bank catastrophe, but oddly remains on the side of mild inflation - it's as if there were some control mechanisms that actually worked to keep it that way.
2014-01-05 02:04:21 PM
3 votes:
The War on Poverty was actually making some real progress before it was summarily and suddenly cancelled in 1980.

There's been no real effort to re-address the problem ever since.
2014-01-05 01:50:16 PM
2 votes:
Catholic Paul Ryan and others of his ilk would be best served by looking into their own Bibles: the parable of the Good Samaritan and the story of the sheep and goats in Matthew 25 are excellent places to start. For all his 3 years of ministry, Jesus didn't say much at all concerning same-sex relationships, but He sure talked about those poors, and how all Christians are ordered to relate to them, quite a bit.
2014-01-05 12:50:27 PM
2 votes:
A quick read of the article and the author seems be harboring the delusion it's been a steady rate of decrease. Poverty rates are up from the historic lows under Ford and Carter, dropped a bit under Clinton, have been climbing since Bush got in the White House.

http://www.irp.wisc.edu/faqs/faq3/Figure1.png

/sorry no html, mobile
2014-01-05 10:23:43 PM
1 votes:
So the poverty rate has gone down by nearly a fourth?  And this is a bad result?
2014-01-05 06:03:50 PM
1 votes:

jjorsett: rewind2846: jjorsett: You phrase it as though he never left.

Sh*t on a carpet stinks even after you clean it up.

So you're saying five years of Obama hasn't solved anything. We're in agreement there, at least.


So you're saying something needed fixing?

Funny how all that started bubbling to the surface only AFTER he left office.
2014-01-05 05:09:51 PM
1 votes:

Dan the Schman: [Redacted] couldn't be a more obvious troll if [Redacted's]

 name was TrollBot5000. [Redacted's] posts are literally what liberals say to mock Republican arguments.

He's just an asshole who clumsily tries to push buttons.  It's not our fault his mommy ignored him and this is the only way he can get attention.  The ignore button works well enough if people stop replying. *hint*
2014-01-05 04:09:04 PM
1 votes:

SevenizGud: Notabunny: Double the current stingy unemployment benefits

And pay for it how? farking unicorn fart futures contracts?


Easy. Tax the rich and eliminate corporate loopholes. I'd also use the money to extend free school breakfasts and lunches to all students.
2014-01-05 04:08:14 PM
1 votes:

SevenizGud: jgbrowning: The disproportional distribution of the wealth generated from labor is the cause of this. The wealthiest among us are taking more and more of the pie, even while it gets bigger.

If the poors weren't so lazy and stupid, they would be able to take more.

Instead they sit on the couch watching Springer and get paid $670/month to do it.

Vote democrat!


You couldn't be a more obvious troll if your name was TrollBot5000. Your posts are literally what liberals say to mock Republican arguments.
2014-01-05 03:05:24 PM
1 votes:
I was told it was under 5% since owning a refrigerator means you're no longer poor.
2014-01-05 02:55:53 PM
1 votes:
cdn.socialworkhelper.com
2014-01-05 02:35:24 PM
1 votes:

ltr77: The rich are the non-workers, at least when it comes to actual contributions to society.


The Republicans are masters at redefining things or framing the debate. One of the greatest tricks they pulled in recent years was labeling people who do nothing but manipulate capital as "producers" or "makers" -- and everyone else as "takers."
2014-01-05 02:17:39 PM
1 votes:
that's fantastic! Poverty is down by 5% since 1964!

OTOH, the number of Billionaires has increased about 26,000% since 1964.
2014-01-05 02:08:01 PM
1 votes:

jigger: What did he say the government should do about it? Force everyone to tithe?


Forced participation at the point of fire and brimstone for all eternity to your head.
2014-01-05 02:04:24 PM
1 votes:

rewind2846: And yet there are those on the right who would still vilify him today to the point of pissing on his grave, even though all of them have family members who were helped by his domestic policies, if not themselves. The only reason they don't is because they think what he did in Vietnam was right, and that he should have bombed that country even harder.


I think if you repealed one of the most important domestic policies (Medicare) most of them wouldn't vilify him, because they would be dead.
2014-01-05 02:01:42 PM
1 votes:

jigger: sarajlewis83: Catholic Paul Ryan and others of his ilk would be best served by looking into their own Bibles: the parable of the Good Samaritan and the story of the sheep and goats in Matthew 25 are excellent places to start. For all his 3 years of ministry, Jesus didn't say much at all concerning same-sex relationships, but He sure talked about those poors, and how all Christians are ordered to relate to them, quite a bit.

What did he say the government should do about it? Force everyone to tithe?


Ahhh, jigger.If people like you are Christians, who'd want to be one?
2014-01-05 02:01:32 PM
1 votes:

StrikitRich: I vividly remember families that got by with one bread winner suddenly forced to have 2 working parents to keep up


And when the income of two working parents wasn't enough, the next necessary action to stay afloat was taking on debt, distributing even more money upwards.
2014-01-05 01:59:56 PM
1 votes:
US Population in 1963: 189,241,798
  19% in 1963=35,995,941 people living in poverty

US Population in 2010: 308,745,538
  19% in 2010=58,661,652 people living in poverty.
  15% in 2010=46,311,830 people living in poverty.

So, we have kept 12,349,821 people out of poverty by reducing the poverty rate by 4%. Sounds great to me!
2014-01-05 01:42:13 PM
1 votes:
The disproportional distribution of the wealth generated from labor is the cause of this. The wealthiest among us are taking more and more of the pie, even while it gets bigger.
2014-01-05 01:41:38 PM
1 votes:
Index minimum wage to be just a percent or two above the poverty level eligibility for welfare for a family of 3. Make it state by state, so that way it's cost of living dependant, and not a blanket rate for the entire country. California would be higher than say, Alabama.

States would be able to set their own rules, as long as it meets these minimum requirements. So states rights still are there.

Meaning a person working full-time no longer qualifies for welfare, up to a certain extent of course.

So you have a spending cut by cutting welfare. Not by taking it away, but by allowing people to make enough not to rely on it.

You also have a revenue increase because more tax money is being collected from higher salaries.
2014-01-05 01:28:28 PM
1 votes:

jjorsett: You phrase it as though he never left.


Sh*t on a carpet stinks even after you clean it up.
2014-01-05 01:17:37 PM
1 votes:
The biggest factor creating poverty is the erosion of the Dollar's buying power.  Wages have in no way kept up with real inflation over the past 40 years.
2014-01-05 01:07:58 PM
1 votes:
It's always the same. "We don't need a social safety net, we need to create jobs and create economic mobility!" and never a word about how to do that, except maybe "Cut taxes!"

Errr, that's in reference to Ryan's whining in TFA, not TFA itself.
2014-01-05 12:45:05 PM
1 votes:

Notabunny: fta "Going forward, the biggest potential gains that could be made on poverty would be in raising market incomes," said Jason Furman, the chairman of Obama's Council of Economic Advisers.

Sooo... People are less likely to live in poverty if they make more money? That's some fine economics work, there, Chief.


I think he's talking about minimum wage.
2014-01-05 12:10:47 PM
1 votes:
I shudder to think what it would be without the social safety net.
 
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