They grew up in an era when public education and community support for kids from all backgrounds managed to boost a significant number of people up t… - Robert D. Putnam
" "They grew up in an era when public education and community support for kids from all backgrounds managed to boost a significant number of people up the ladder — in Bend, Beverly Hills, New York, Port Clinton, and even South Central LA. Those supportive institutions, public and private, no longer serve poorer kids so well.
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these costs total about $500 billion per year, or the equivalent of nearly 4 percent of gross domestic product (GDP). More specifically, we estimate that childhood poverty each year: (1) reduces productivity and economic output by an amount equal to 1.3 percent of GDP, (2) raises the costs of crime by 1.3 percent of GDP, and (3) raises health expenditures and reduces the value of health by 1.2 percent of GDP.
the more fundamental problem with the big government explanation is that by most measures (all spending, or spending on the welfare state in real per capita terms, or spending as a fraction of GDP; number of government employees) the size of government lagged behind the I-we-I curve by several decades. Federal government spending and the number of employees rose steadily in tandem with the I-we-I curve from 1900 to 1970 and kept rising until they leveled off after the 1980s.
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