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Elizabeth Warren on Welfare & Poverty

 

 


Nobody should work full-time and still live in poverty

Q: Are the Republicans going to take back the senate?

SEN. WARREN: Take a look at the House if you want to see what happens when Republicans take over. What are they on now, is this their fiftieth vote to repeal Obamacare? That's not how you run a country. We have real issues we need to deal with. Minimum wage, student loan debt, equal pay for equal work, a little accountability for the big financial institutions.

Q: Your fans say you're a populist, but your critics say you're just basically a socialist.

WARREN: I just don't know where they get that. You know, look at the issues. Minimum wage? I just believe nobody should work full time and live in poverty. And you know what? Most of America agrees. Student loans, I don't think the U.S. government should be making tens of billions of dollars in profits off the backs of our students, which is what the current student loan system is doing. And I think most Americans agree with me on that.

Source: Face the Nation 2014 interview: 2016 presidential hopefuls , May 11, 2014

Foreclosures made recession's biggest victims

The White House and Treasury fretted over what to do. Rescuing everyone from foreclosure was impossible; it would create huge moral hazard, not to mention costing taxpayers another trillion dollars. But Elizabeth Warren's congressional oversight panel was scathing in an October report. Warren said the administration's plan didn't keep pace with the huge flow of foreclosures and did little to help the recession's biggest victims: the unemployed and those with subprime mortgages.

By the end of his first term, Obama would likely be able to say that he helped a few million Americans avoid foreclosure. Of course it wouldn't be much to brag about because millions more would be forced from their homes.

Source: The Promise: Obama Year One, by Jonathan Alter, p.319 , May 18, 2010

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Page last updated: Jan 15, 2016