There's been little discussion about the problem of poverty in the current Presidential election, the conventions pretty much ignored it.
"The Circle of Protection, composed of Christian leaders from across the religious spectrum, released President Barack Obama's and GOP nominee Mitt Romney's video responses today at the National Press Club in Washington, D.C."
Both candidates responded.
“Being willing to sit in a boring classroom for 12 years, and then sign up for four more years and then sign up for three or more years after that—well, that’s a pretty good measure of your willingness to essentially do what you’re told,” - The Santa Fe Reporter talks to Economist Samuel Bowles about New Mexico's income gap, welfare, social mobility, and a radical way to help. (Via)
David Brooks makes an interesting point.
Rebuild New Orleans to ensure that the cycle of generational poverty is broken. Does this seem like social engineering? There is a precedent
for this, though. Can it--should it?--be done on a citywide scale? Should the government meddle this much in the day-to-day lives of people?
US income distribution moves towards 3rd world profile?
- US Census Bureau
data on growing family income inequality, 1947 to 2001. Also see: The
(for a graphic depiction of current US wealth distribution).
"The most egalitarian countries have a Gini index in the 20s. European
countries like Germany, Austria, Belgium, Hungary, Poland, Norway, and Sweden all fall in that
range, according to World Bank figures. Canada and Australia are just over 30. The United States
is around 40...Once inequality reaches 50 percent, disparities become glaringly obvious, to the
point where they undermine a society's sense of unity and common purpose....Sierra Leone takes
the prize. At 63 percent, it offers the world's most extreme example of inequality."
By multiple measures, income
in the US is rapidly increasing, and a substantial percentage of middle class Americans may be gradually sliding into poverty.