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Thursday, January 08, 2004

Re: Poor In America

I agree. The poverty level definition uses a base year of 1963. The threshold is adjusted yearly by the CPI (Consumer Price Index). Also, as the Heritage Foundation's report notes, "There are a number of problems with the Census Bureau's poverty figures: Census undercounts income, ignores assets accumulated in prior years, and disregards non-cash welfare such as food stamps and public housing in its official count of income."

So, we have a 40-year old poverty standard (adjusted for inflation), and a wealth/income measure that underreports assets and income. This is a mess that will never get fixed. Why? Because any politician who tries to set things right (especially a Republican) will be excoriated mercilessly by the liberals. It's a political loser.

In the words of our Lord, "You will always have the poor among you, but you will not always have me."

posted by Gary at 13:21 | [Permalink] (0) comments

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