Austerity hurts in many ways. Here is a way in which social spending has profound social effects in the long run. From a recent report from the Center on Budget and Policy Priorities: "Rental assistance sharply reduces homelessness, housing instability, poverty, and other hardships. A growing body of research also finds that rental assistance can improve families’ health, as well as children’s chances of long-term success, particularly if it enables families to live in safe, low-poverty...
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