October 11, 2012
JUST SHOW THEM THE MONEY:
The Wrong Way to Help the Poor (GARY E. MacDOUGAL, October 10, 2012, NY Times)
Put a portion of that into their personal SS, HSA, unemployment, etc. accounts and then a chunk of cash.[F]or now, let's use that $1 trillion figure to ask a broader question: Are we spending this money in truly the best way to help the poor?Consider a thought experiment: Divide $1 trillion by 46 million and you get around $21,700 for each American in poverty, or nearly $87,000 for a family of four. That's almost four times the $23,050 per year federal poverty line for that family. It's intriguing to think about converting all of this to a cash payment that would instantly lift everyone in poverty up to the middle class.For a variety of reasons, of course, that's not possible, either logistically or politically. But a middle path might resemble what Mr. Ryan has proposed for Medicaid -- converting the behemoth program to block grants for each state, an idea that in some ways parallels the successful welfare reform plan of the Clinton era.
Posted by Orrin Judd at October 11, 2012 5:03 AM
Tweet
