Tag Archive for 'poverty'

The Banker to the Poor wins 2006 Nobel Peace Prize

That prize couldn’t have gone to a more deserving person.

Muhammad Yunus of Bangladesh is the founder of Grameen Bank, a bank that’s pioneered using microloans in 3rd world countries to rid the world of poverty. It’s been a phenomenal success in every way, including financially.

You can read more about him and his bank from his excellent autobiographical book Banker to the Poor: Micro-Lending and the Battle Against World Poverty.


How the Republicans Stole Christmas

The Federal Government is thinking of introducing a budget for the next fiscal year that would cut essential services from low income people across the country. The cuts are severe, and will hit the poorest the hardest.

Medicaid, food stamps, social services are all getting multi-billion dollar cuts in order to pay for the federal aid to Afghanistan, Iraq, the oil companies, Katrina relief efforts among other things.

What’s particularly ironic is that while victims of Katrina are getting emergency federal aid from one Governmental agency, the proposed budget cuts would cut other aid to the very same people. Give with one hand, take with the other? That’s flip-flopping with people’s lives, dear Republicans.

Meanwhile they’re still passing tax cut bills. Is there any sense to any of the Republican tax policies?


We can’t afford four more years

Washington Post reports that the US poverty rates increased to 12.7% last year. The poverty rates have been going up every year for the past four years.

In New York City, the poverty rates are up to 20.3% from 19%. That’s one in every five New York City residents living under poverty levels. I guess that happens when you have millionaires running the city.

I find these statistics completely mindboggling. To me they demonstrate a complete failure of the federal and city governments. We’re spending unlimited funds to fight tyranny around the world, but then let our own citizens get poorer and poorer with seemingly no concern. When is the last time you heard George W. Bush talk about fighting poverty [1]?

It is not the job of non-profit organizations and charities to take care of the poor. It is the government’s job to make sure poverty doesn’t exist, as much as possible. The government is failing in its job. Switch it!


1. The social security system reform doesn’t qualify, as it would actually increase poverty