Money won't solve poverty - Catholic Courier

Money won’t solve poverty

To the editor:

Printed in the November 2008 edition were four letters which criticized the perceived “liberal aspects” of the Courier’s presentation of the two-part series on the bishops’ statements on voting, which presented liberal views favorably, while downgrading the importance of issues such as abortion.

The editorial response to this criticism was that the writer of the two-part series was just reporting what he was told by his sources. This, of course, brings the question: Why were both conservative and liberal sources not consulted?

Also in the November issue was a column by Tony Magliano, titled, “How can the U.S. let people live in poverty?”

The facts may be a surprise to Mr. Magliano: The sub-prime problem was not brought on by deregulation by Republicans, but by regulations passed by Democrats. Under both Carter and Clinton, laws were passed to require banks to lower their lending standards in order to increase home-ownership by the poor and minorities. The banks complied, and the rest is history.

The U.S. has spent hundreds of billions of dollars trying to alleviate poverty, both here and abroad. All efforts have failed because the approach is wrong. The way to eliminate poverty is simple and proven: In a stable, industrialized, capitalistic system with the rule of law, get a good education, take advantage of job opportunities and work hard, save your money, marry and stay together, develop a strong family unit, and live within your means. There is no way out of poverty in totalitarian or non-industrialized states. Sending money just doesn’t do it!

Ben Reed

The Villages


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