I'd like to go over in a few minutes some of the problems with the present system, but I would like to point out that the most important unanimous conclusion is that the present welfare program should be scrapped entirely and a totally new system should be implemented. This conclusion in no way is meant to disparage the great value of the separate and the individual programs enacted by the Congress over the last 15 years. These include, as you know, a food stamp program for low-income persons, those who work and those who cannot work; the supplemental security income floor for our aged and disabled; work incentives for welfare families with children; increased housing assistance; tax credits; unemployment insurance extensions; enlarged jobs programs; and the indexing of social security payments to counter the biggest threat or enemy of the poor, and that is inflation. This conclusion that we've drawn today is to say that these many separate programs, taken together, still do not constitute a rational and coherent system that is adequate and fair for all the poor. They are still overly wasteful, capricious, and subject to almost inevitable fraud. They violate many desirable and necessary principles.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "I'd like to go over in a few minutes some of the problems with the present system, but I would like to point out that the most important unanimous conclusion is that the present welfare program should be scrapped entirely and a totally new system should be implemented. This conclusion in no way is meant to disparage the great value of the separate and the individual programs enacted by the Congress over the last 15 years. These include, as you know, a food stamp program for low-income persons, those who work and those who cannot work; the supplemental security income floor for our aged and disabled; work incentives for welfare families with children; increased housing assistance; tax credits; unemployment insurance extensions; enlarged jobs programs; and the indexing of social security payments to counter the biggest threat or enemy of the poor, and that is inflation. This conclusion that we've drawn today is to say that these many separate programs, taken together, still do not constitute a rational and coherent system that is adequate and fair for all the poor. They are still overly wasteful, capricious, and subject to almost inevitable fraud. They violate many desirable and necessary principles." in the context of "" to mean that wisdom is timeless.