Axing social programs can mean more social costs in the future
Share Now on:
President Trump’s budget director, Mick Mulvaney, made some waves a few weeks ago when he defended cuts to the community development block grant program because “We can’t spend money on programs just because they sound good.” It can be hard to justify spending on things like Meals on Wheels or children’s after school-programs, because their value is in the other costs they help society avoid. The payoff could be fewer trips to the emergency room over time, or a more literate, skilled workforce decades from now. Economists have a term for it: cost avoidance.
Click the audio player above to hear the full story.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.