Anti-poverty programs do not cause poverty! [ Thu Feb 25 2010 10:23 AM ]
For Paul Cassel to assume that today's poverty rates are a direct cause of '60s-era programs is absurd. No, the biggest culprit has been trickle down economics, which has resulted in a huge upward shift of wealth. CEOs now make over 300 times more than the average worker. And while that average workers' health and retirement benefits have crumbled, CEOs -- even those that drive their companies into the ground -- are guaranteed golden parachutes. Health care costs are now the leading cause of personal bankruptcy, few families can survive on a single paycheck, and high quality childcare costs more than college tuition. And let's get one thing perfectly straight: deregulation (a drive toward insanity that began during the Reagan administration) allowed the greedy behavior that caused the current recession. The problem with a 'free' market is that it is free to crash and burn -- and take the whole country with it.