Fifty years ago U.S. President Lyndon Baines Johnson, also known as LBJ, famously declared a “War on Poverty.” According to Sasha Abramsky, author of The American Way of Poverty, LBJ’s war was a failure. The author wants current U.S. president Barack Obama to launch the “War on Poverty Mark II,” but will that new…
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University of Georgia professor Jeffrey Dorfmann writes in Forbes: The federal budget deficit for fiscal year 2013 which ended on September 30 was the smallest since before the recent recession. At $680 billion it has dropped 50 percent from the peak during the recession. Before anyone gets too excited, remember that $680 billion is…
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