He's an economist. Phil is a good friend of mine. And it's an important op ed that he wrote December 17th in the journal. It's entitled the Biggest Fraud in Welfare. The government gives tens of thousands of dollars in benefits to the poor which it doesn't count as income. And so this is in some ways an accounting story. And please don't go to sleep right now, particularly if you're driving. Don't go to sleep. It is an accounting story that matters. (27:32–27:40)
CLAIM
Asserts that government benefits to the poor are not counted as income.
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