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Stimulus Should Start With the Poor

February 07, 2009

We seem to be moving toward passage of a stimulus bill, finally. But as an editorial in today's New York Times notes, there's concern in some corners that the bill does not do enough to help poor folks. Citing data from the National Low Income Housing Coalition which indicate that a $10 billion payment to the National Housing Trust Fund, plus housing vouchers, could provide homes for 400,000 people as well as jobs created by construction of such units, the Times urges Congress to provide funding for the program, which it created last summer but has yet to finance. Paul Collier, author of The Bottom Billion (click here for PND's review), advocates for policies to help poor people around the globe, but the prescription laid out in his new book, Wars, Guns and Votes, is equally relevant to our domestic problems. Check out this NPR interview in which Collier suggests that to create the demand necessary to pull us -- that's us + the world -- out of this economic crisis, we should be targeting money to the poor, who are the most likely to spend it.

-- Kathryn Pyle

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Posted by DJ  |   February 09, 2009 at 09:50 AM

...out of this economic crisis, we should be targeting money to the poor, who are the most likely to spend it.

***

That's a GREAT idea. Maybe someone should suggest it to the Administration and Congress since this pork/debt bill doesn't seem to be targeted to do anyone any good.

Oh well....maybe in Stimulous Bill #2. You know they're going to be pushing for a sequel 5 minutes after this monstrosity is passed.

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