Perhaps no law in the past generation has drawn more praise than the drive to "end welfare as we know it," which joined the late-'90s economic boom to send caseloads plunging, employment rates rising and officials of both parties hailing the virtues of tough love. But the distress of the last four years has added a cautionary postscript
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Official unemployment figures are expected to hit a 17-year high of more than 2.5m today, including over 1m young people, but could a fundamental change to employment law which took effect this month herald the end of the phoney rec... Read Post
Americans' economic confidence plunged to -53 in the week ending Aug. 7, a level not seen since the recession days of March 2009. This deterioration coincided with the final wrangling over the U.S. debt ceiling and Standard and Poor... Read Post
Welfare reform left far too many people with nowhere to turn for help when the economy turned downward: Welfare Limits Left Poor Adrift as Recession Hit, by Jason DeParle, NY Times: Perhaps no law in the past generation has drawn... Read Post