How expensive are those everyday low prices? How much do things really cost on that fast-food restaurant’s dollar menu? The answer is more than you think, but maybe not for the reason you think.
The Great Debate
from Reihan Salam:
Paul Ryan has long been known as the GOP’s budget guru. With the release of his new report on expanding opportunity in America -- the most ambitious conservative anti-poverty agenda since the mid-1990s -- he is on the cusp of becoming something much more than that.
President Barack Obama’s recent speeches at the LBJ Presidential Library and National Action Network marking the 50th anniversary of the War on Poverty and the Civil Rights Act had a serious omission. While acknowledging “our work is unfinished,” Obama failed to mention this nation’s worst social trend: the stunning increase of children and youth living in poverty.
There has been much speculation about President Barack Obama’s meeting with Pope Francis on Thursday. One Catholic church authority asserted, “it is not the task of the pope to offer a detailed and complete analysis of contemporary reality.” The pope got that message — he wrote it himself in his first official “Papal Exhortation” last year.
For more than a decade, the very idea of multilateralism often seemed to be on life support — damaged by the Iraq invasion and its messy aftermath, buffeted by the global economic crisis and bruised by the difficulty of coming to agreement on critical trade and climate issues in Doha and Rio, respectively. Now, the world’s attention is riveted on whether the United States and Russia’s agreement to avert the immediate crisis triggered by the use of chemical weapons in Syria can be effectively overseen by the United Nations Security Council.
The U.S. Census Bureau’s release of 2012 poverty data tells us once again that millions of Americans in our wealthy nation continue to struggle at the economic margins, with no signs of progress. The nation’s just-released official poverty rate in 2012 was 15.0 percent, which represents 46.5 million people living at or below the poverty line. This marks the second consecutive year that neither the official poverty rate, wages, nor the number of people in poverty was statistically different from the previous year’s estimates.
During the 2008 campaign, presidential candidate Barack Obama made a pledge to raise the minimum wage to $9.50 per hour by 2011. Promises like this one inspired a generation of young voters, excited long-neglected progressive voters and gave hope to millions of his supporters across the country.