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Wednesday, July 20, 2011

Articles: Obama Redefining 'Poverty'

Articles: Obama Redefining 'Poverty': "The current poverty measure counts (albeit inaccurately) absolute purchasing power (how much meat and potatoes a person can buy). The new measure will count comparative purchasing power (how much meat and potatoes a person can buy relative to other people). As the nation becomes wealthier, the poverty standards will increase in proportion. In other words, Obama will employ a statistical trick to give a new meaning to the saying that 'the poor will always be with you.'"

The torment of Tantalus built into the definition.

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