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"Granted, it would take a big program to eradicate poverty in the U.S. According to economist Matt Bruenig’s calculations, it would cost $175 billion." Is that
by joesmo 10y ago
"Granted, it would take a big program to eradicate poverty in the U.S. According to economist Matt Bruenig’s calculations, it would cost $175 billion."
Is that a correct figure? It's hardly that large and there's no excuse for us not spending it to end poverty if it is.
- AnimalMuppet 10y agoAgreed, except that it would have to be spent by Congress. That makes me... let's say somewhat less optimistic about it being doable. Could Congress allocate $175 billion? Sure. Could they sell it to the public that it was worth it? Maybe. Could they do it in a way that actually eradicated poverty, rather than throwing big chunks of it down the sewer? I'm not optimistic. If they could actually do it instead of larding it down with pork, though, I'm all for it.