Day: December 9, 2008

Why the ASPIRE Act Has Not Become Law

Sreya Sarkar Cascade Commentary

Summary

Public policy advocates and lawmakers have proposed numerous programs allowing people to accumulate assets, as opposed to simply receiving cash benefits, in the hope of breaking cycles of poverty and government dependency. In the guise of an asset-building tool, the Federal ASPIRE Bill is actually another entitlement program. Policymakers realize this, and this is the reason it has not become law. (more…)

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