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The welfare state set to mismeasure poverty again

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A typical headline for an Associated Press news story widely circulated earlier this summer put it bluntly: "U.S. poverty on track for 46-year high." According to the AP report, the national poverty rate soon will hit the highest level since the War on Poverty was declared in the mid-1960s. The story attributed record poverty to "a weak economy and a fraying government safety net." The...