Welfare and the culture of poverty

Article Abstract:

Welfare is both a consequence and a cause of several conditions of poverty, which are also described as social pathologies. An increase in Aid to Families with Dependent Children (AFDC) benefits by 1% of the average personal income in the state will raise the number of welfare dependents by about 3%. While the number of births to single mothers will rise by 2.1%, the number of abortions will go up by 1.2%. Unemployment and violent crime rate will also rise. The social pathologies related with the welfare system is unacceptable because of its malign effects, rather than the fiscal costs.

Social aspects, Evaluation, Statistics, Poverty, Abortion, United States. Office of Family Assistance. Aid to Families with Dependent Children Program

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A primer on Clintonomics

Article Abstract:

Pres. Clinton's Council of Economic Advisers supports an economic policy that is based on Keynesian fine-tuning, microeconomic intervention for market failure correction and redistribution. The Clinton administration's message, which acts as the 1994 Economic Report's theme, takes credit for the country's economic development, characterized by declining deficits and increasing outputs and employment. However, the economy was already on its way to recovery even before Clinton's economic development campaign.

United States. Council of Economic Advisers

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Community banking, monitoring, and the Clinton plan

Article Abstract:

Pres Clinton's proposal to establish community development banks is not likely to be profitable because it does not provide for effective monitoring of loans. This may deter commercial lenders from operating in the proposed areas, which have a widely divergent and mobile population. A survey of existing community banks and related institutions reveals that successful community banking projects require pre-loan and post-loan monitoring.

Banking industry, Analysis, Economic aspects, Community development

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