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Tuesday, September 16, 2014

In his January 1964 State of the Union address, President Lyndon Johnson proclaimed, "This administration today, here and now, declares unconditional war on poverty in America." In the 50 years since that time, U.S. taxpayers have spent over $22 trillion on anti-poverty programs. Adjusted for inflation, this spending (which does not include Social Security or Medicare) is three times the cost of all U.S. military wars since the American Revolution. Yet progress against poverty, as measured by the U.S. Census Bureau, has been minimal, and in terms of President Johnson's main goal of reducing the "causes" rather than the mere "consequences" of poverty, the War on Poverty has failed completely. In fact, a significant portion of the population is now less capable of self-sufficiency than it was when the War on Poverty began.


Monday, September 08, 2014

Incomes Fell From 2010 to 2013 for Most Groups.


Like the quintessential liberal, David Letterman seems to enjoy screwing his interns.


Thursday, August 28, 2014

Americans are more anxious about the economy now than they were right after the Great Recession ended despite stock market gains, falling unemployment and growth moving closer to full health.
The slow pace of improvement during most of the recovery, now in its sixth year, has eroded confidence and slowed a return to the pay levels that many enjoyed before the economy suffered its worst collapse since the 1930s. About 42 percent of those surveyed say they have less pay and savings than before the recession began in late 2007. Just 7 percent say they're significantly better off.


Friday, August 22, 2014

SACRAMENTO, Calif. -- Democratic state Sen. Ben Hueso was arrested Friday on suspicion of drunken driving, the latest black eye for the state's majority party and the 40-member chamber that suspended three other Democrats facing legal troubles.


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