Labor & Economic News Blog
Tuesday, August 26, 2008
New Income and Poverty Figures Spoil the Pity Party
New Income and Poverty Figures Spoil the Pity PartyCato Institute
The Census Bureau’s release this morning of the latest income, poverty and health insurance numbers did not follow the script of those who want to paint a picture of a nation in crisis.
Opponents of free trade, immigration, and limited government constantly tell us that the middle class is shrinking, the poor are getting poorer and more numerous, and the number of Americans without health insurance is climbing inexorably. Their solution is always to restrict trade and immigration and launch expensive new programs to alleviate the obvious misery.
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