Wednesday, November 9, 2011
Effectiveness of 2009-2010 Government Assistance
This is a great chart from the Center on Budget and Policy Priorities. It highlights the fact that 7 million people were kept above the poverty line because of various recent government initiatives. From Arloc Sherman:
Six temporary federal initiatives enacted in 2009 and 2010 to bolster the economy by lifting consumers’ incomes and purchases kept nearly 7 million Americans out of poverty in 2010, under an alternative measure of poverty that takes into account the impact of government benefit programs and taxes. These initiatives — three new or expanded tax credits, two enhancements of unemployment insurance, and an expansion of benefits through the Supplemental Nutrition Assistance Program (SNAP, formerly called food stamps) — were part of the 2009 Recovery Act. Congress subsequently extended or expanded some of them.
http://www.cbpp.org/cms/index.cfm?fa=view&id=3610
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