Economics 101 in Gartman This Morning

[OneShotFOGE]

[FONT=&quot]Pennsylvania Secretary of Public[/FONT]
[FONT=&quot]welfare has put out a slide showing how the state’s[/FONT]
[FONT=&quot]assistance programs have become a very real[/FONT]
[FONT=&quot]disincentive:[/FONT]
[FONT=&quot]The single mom is better off earning gross[/FONT]
[FONT=&quot]income of $29,000 with $57,327 in net income[/FONT]
[FONT=&quot]and benefits [paid] than to earn gross income[/FONT]
[FONT=&quot]of $69,000 with net income and benefits of[/FONT]
[FONT=&quot]$57,045.[/FONT]
[FONT=&quot]As Dr. Ralph Reiland, the Professor of Free Enterprise at[/FONT]
[FONT=&quot]Robert Morris University notes, “[/FONT][FONT=&quot]Why then go to school[/FONT]
[FONT=&quot]or work harder when the net result is no more[/FONT]
[FONT=&quot]money… and less leisure.” [/FONT][FONT=&quot]So we’ve come to this in[/FONT]
[FONT=&quot]our spending; we spend so much on welfare that it is[/FONT]
[FONT=&quot]economically illogical not to remain on “The dole” just as[/FONT]
[FONT=&quot]it is economically illogical to find a better paying job. You[/FONT]
[FONT=&quot]cannot make this stuff up… nor should anyone, and[/FONT]
[FONT=&quot]we’ve come to this. How sad is that?[/FONT]

 

[leftsock]

Have a link to the article about this, or the presentation itself?

Is it this one?
http://www.aei.org/files/2012/07/11/-alexander-presentation_10063532278.pdf

This does seem to be the presentation.
It even has the text:
"The single mom is better off earning
gross income of $29,000 with
$57,327 in net income & benefits
than to earn gross income of
$69,000 with net income & benefits
of $57,045."

 

[OneShotFOGE]

Have a link to the article about this, or the presentation itself?

Is it this one?
http://www.aei.org/files/2012/07/11/-alexander-presentation_10063532278.pdf

This does seem to be the presentation.
It even has the text:
"The single mom is better off earning
gross income of $29,000 with
$57,327 in net income & benefits
than to earn gross income of
$69,000 with net income & benefits
of $57,045."

It was in the Gartman Letter this morning, The Gartman Letter
I had this emailed to me at work but I cant post a link to the article. The one you posted looks interesting. I need to look through that when I find a minute or several.