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Invisible Child (NYT)
Andrea Elliot reports in great depth on the life of a homeless girl in Fort Greene, Brooklyn. By placing this story in context with Mayor Bloomberg’s housing and homelessness policies, she makes the effects of bad policy on human lives crystal clear.
Study: U.S. Poverty Rate Decreased Over Past Half-Century Thanks to Safety-Net Programs (WaPo)
Zachary Goldfarb reports on a new study from Columbia University, which contradicts the official poverty rate significantly. The researchers traced back poverty using newer standards, and found that the safety net is particularly effective at protecting kids from poverty.
How Inequality Became as American as Apple Pie (The Nation)
Jessica Weisberg compares the concepts of inequality and mobility, ways to discuss poverty that appeal to opposite ends of the political spectrum. The right may prefer to talk about mobility, but social mobility in the U.S. is pretty terrible, which maintains inequality.
Let’s Get This Straight: AIG Execs Got Bailout Bonuses, but Pensioners Get Cuts (The Guardian)
Dean Baker asks why the White House had to maintain AIG’s contractual obligations during the bailout, even when it meant paying bonuses in March 2009, but Chicago can ignore its contracts to pensioners today.
Robbing Illinois’s Public Employees (TAP)
David Dayen explains how pension theft has become a new norm. Public employees can no longer count on ever seeing the pension funds they negotiate for today, and the current retirees are in an even worse place, because many don’t receive Social Security.
Tea Party Representative Supports Wasteful Government Program, Because YOHO (NY Mag)
Jonathan Chait says there’s one clear tie among the government programs supported by Republican obstructionists: private profits. When sugar subsidies are “accepted norms,” as Rep. Yoho (R-FL) said, it must be better to cut SNAP or Medicaid.
More Than Three-Quarters of Workers Missing from the Labor Force Are Under Age 55 (Working Economics)
Heidi Shierholz looks at a breakdown of “missing workers” (those who are neither employed nor looking for work) by age. Only a quarter of the missing workers could be early retirees, and the other 4.3 million will probably reenter the job market when it picks up.
New on Next New Deal
Roosevelt Institute Associate Director of Networked Initiatives Alan Smith explains a new Roosevelt Institute | Campus Network initiative, in which students will help their schools find ways to improve how they affect local communities.