“James Kwak and Larry Mishel, in slightly different ways, make a point I was planning to get to: the rise in safety net spending over the past decade does not reflect an expansion of that safety net. Instead, it reflects two things: rising health care costs, and a terrible economic slump that has put many more people in need.”
“You really don’t want to fall into the Sharron Angle type thing of looking at soaring numbers of people on unemployment insurance and food stamps and claiming that this is the welfare state run amok. It’s the financial sector run amok, and pushing more and more people over the edge.”
Read the post here.