Welfare Reform

Paper Summary:

This paper discusses how welfare reform in the United States will ultimately have largely negative economic, social, and political repercussions. It investigates four important areas impacted by welfare reform, politics, the economy, business and management and consumers, investors, and taxpayers. Each area is examined in turn, and both the positive and negative impacts of welfare reform are discussed in relation to each of the four areas. Finally, a number of recommendations for welfare reform in the United States are given based on the discussion.

Outline
Introduction
Welfare Reform
Political Aspects
Economic Aspects
Business and Management Aspects
Consumers, Investors and Taxpayer Aspects
Recommendations for Welfare Reform
Conclusion

From the Paper:

"Welfare reform has a wide number of political aspects. The act of reducing the welfare rolls may have important consequences for the political makeup of a nation. For many years, the United States has moved away from a true model of laissez-faire capitalism, toward a model of capitalism tempered by many socialist ideals. Certainly, the introduction of programs like Medicare and welfare represents a political step toward many socialist ideals. As such, any discussion of welfare reform must also focus on the impact of such reform on the political makeup of the nation."

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