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He made a strong case for an expanded safety net and universal health care.
The current stimulus plan is weighted toward tax cuts, aid to the states, and an expanded safety net for people struggling to make ends meet.
The Writer Responds Responding to Mr. Kochman, I envision that all revenues from the expanded "safety net tax" would be designated for specific safety-net-related programs.
In this sense, one might say the change in the equity-efficiency tradeoff mediated through an expanded safety net was a major factor contracting the labor market after 2007.
Nevertheless, the model shows why an event that increases uncertainty may lead through the political process to an expanded safety net, despite the fact that safety net expansions contract the labor market.
Meanwhile, many education advocates want an expanded safety net and smaller class sizes.
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The block grant proposal also allows policymakers to argue that states could expand safety net benefits for certain beneficiaries without having to identify the cuts needed to pay for such expansions.
The Supplemental Nutrition Assistance Program (formerly known as food stamps) is a major and newly expanded safety-net program and does not require its beneficiaries to work or be looking for work.
Mr. Bernanke supported the efforts by Congress and President-elect Obama to put together a fiscal stimulus program worth roughly $800 billion over two years that would be weighted heavily toward big new spending on infrastructure projects, like bridges and schools, "green" energy projects, and expanded safety-net programs like unemployment benefits.
The World Bank, with the World Food Programme and Unicef, is working on how to expand safety nets in the Sahel.
Expanding safety nets in Chhattisgarh was not expensive, since spending on cheap food is only 4% of the budget.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com