Relevant and even prescient commentary on news, politics and the economy.

A Measure of Poverty in the United States

We often talk about poverty and people living in poverty as measured by the government, Then, we set policy with regards to them. We never quite realize the impact of the programs on the people on the receiving end. A brief recital of facts and figures in charts. I also do not believe we get […]

Autocracy will bring poverty

From Prof. Timothy Snyder’s substack “Thinking about…” Shared with permission: “Think about the politicians Trump idolizes, Vladimir Putin in Russia and Viktor Orbán in Hungary. The first undid a democracy through fake emergencies, the second through persistent constitutional abuse. It is not hard to see why Trump likes them. “Now consider the Russian and Hungarian […]

How the Poverty Rate is Determined

One of the biggest issues in the US is who lives in poverty and how it is determined. People get upset when there are people living on food stamps. Unfortunately, many of us do not know how the government does determine poverty. Part of what makes the conversation difficult is that the modern household budget […]

Why Does Poverty Continue to Exist in America?

A long and good NYT take on why poverty continues to exist, stays stagnant or continues to grow in one of the richest nations in the world and the most capable of all to end poverty. A good read. “Those who have amassed the most power and capital bear the most responsibility for America’s vast […]

Poverty, Crime and Causality

I was bouncing around my twitter feed and landed on this tweet which in turn took me to a paper entiteld Childhood family income, adolescent violent criminality and substance misuse: quasi-experimental total population study. The paper appeared in the British Journal of Psychiatry in 2014. Here’s the basic summary: Background Low socioeconomic status in childhood […]

How do We Reduce Misery Caused by Poverty Around the World?

A few weeks ago I had a post looking at the success of a number of countries. I noted that countries that do well include, (in no particular order): the US, Canada, Northwest Europe, Switzerland, Scandinavia, Australia, New Zealand, Japan, South Korea, Singapore and, until China began applying a heavier thumb, Hong Kong. Those also […]

Smoking is All About Poverty

by run75411 Smoking is All About Poverty I raised the issue of why the elderly pay more than smokers for healthcare insurance since growing old is a natural occurrence and smoking and its associated disorders is self-inflicted. I raised it after STR said smokers are being robbed and I pointed out the elderly non-smokers and […]

Social security cuts offered…why? Irresistible to Obama.

There is no crisis with Social Security. Social Security is not going broke. Social Security adds NOTHING to the deficit. Social Security is not welfare. Update: Pelosi says she can live with it There are many options to address issues for the program, which are not offered as part of Pres. Obama’s  insistence on keeping […]