Poverty measurement in the US: Income transfers alone won't eradicate poverty

Barack Obama promised to halve poverty within ten years. His Republican opponent, John McCain, vowed to 'make the eradication of poverty a top priority of the McCain Administration.' Even in the current economic situation, in developed countries, this kind of rhetoric about cutting 'poverty' is misleadingly outmoded - because it implicitly suggests that government income transfers can be the vehicle for achieving substantial reductions in poverty...

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