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Welfare Limits Left Poor Adrift as Recession Hit

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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Did Bill Clinton's welfare reforms make the Great Recession worse?

Business & Finance : The Week: U.S. Business (3 years ago)

Pledging to "end welfare as we know it," President Bill Clinton in 1996 put his signature to landmark legislation that fundamentally reformed the American welfare system. The law has long been praised for ending excessive dependency... Read Post

U.S. Economic Confidence Plunges In Past Two Weeks

Business & Finance : Business Insider: Money Game (3 years ago)

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 Limits Left Poor Adrift"

Business & Finance / Economics : Economist's View (3 years ago)

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


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