NEW YORK (TheStreet) -- Poverty is as endemic today as it was when President Lyndon Johnson inaugurated the War on Poverty, and Rep. Paul Ryan (R-Wi.) is offering sensible proposals to change things for the better.
He would offer states block grants to create programs that both directly aid the poor and remove disincentives to work and create jobs. That would reduce dependence on federal handouts and launch a frontal assault on the declining work ethic and unemployment in America.
During the Great Recession, unemployment peaked at 10%. It has since fallen to 6.1%, but virtually all that progress has been accomplished by encouraging more people to quit looking for a job and hence not be counted in the jobless data.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV