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Message: <blockquote data-quote="59 Dano" data-source="post: 3285602" data-attributes="member: 23516">The poverty rate has bounced between 11% and 15% since the early 70s.  To suggest that anyone has done anything to significantly affect the rate in either direction is a bit disingenuous.  It's 4 points one way or the other.  At the time the '81 tax cut bill was signed (August), the 30 year mortgage interest rate was just over 17% as the Federal Reserve was using high interest rates to combat inflation.  Eight years later it was under 10%.  The annual rate of inflation decreased by nearly half during that same period (8.9% to 4.6%) and has remained at 4.1% or less since 1991.  If you want to paint a picture of the 80s economy, paint an accurate one.</blockquote>