The War On Poverty

“The official poverty rate in the United States, defined as lacking resources for life’s basic needs, was 19% in 1964. It had fallen to 12.1% by 1969, the year Johnson left office. Last year, it stood at 15%.”
— USA Today. … [read more]

Debt Is Rising All ‘Round The World

Populism sounds like such a friendly and democratic word.  Only the grumpiest blogger would complain about politicians doing things that make them popular ….  Unhappily, the word “populist” has come to mean a politician who promises cash, services, or benefits to voters.  He doesn’t offer to pay for these things with cash from his own pockets—that would be outrageous!—but instead offers to pay with borrowed money, or with cash taken from taxpayers. … [read more]