To be clear: this isn’t the “we stopped paying promised grant money” but is literally the federal government yanking money out of an NYC bank account.
To be clear: this isn’t the “we stopped paying promised grant money” but is literally the federal government yanking money out of an NYC bank account.
Explain what? I see the current poverty rate is very similar to the 1980 level.
Exactly, nothing has trickled down.
It did trickled down significantly.
Poverty rate is relative. If poverty rate doesn’t increase and GDP grow more than normal, then in absolute terms it is better for lower and middle class. That is exactly what happened. See the chart below.
US GDP as a % of G7 GDP
Whoops wrong again