For all the talk of a deeply balkanised US political class, it is heartening to see how cross party support continues towards PFS and delivering a better world. What a shame the same is not true of the rather more narrow minded politicians in many other nations…
With Poverty Plan, GOP Show They Will Work With Dems
Delaware Online
GOP anti-poverty plan
Senate lawmakers on Wednesday expect to introduce 11 proposals that make up a new anti-poverty plan.
One of them – ‘Pay for Success’ financing
The plan calls for a new model of funding work in communities. Private or non-profit organizations would front money for “social impact bonds” that would pay for programs that have a measurable, objective goal, like reducing recidivism by five percent. If the organizations meet the goal, the government would pay the bonds back with interest, so the groups would make a profit.
Republicans say that system would spur more outside investment while tying government spending more closely to measurable progress.
The idea is modeled after systems in Connecticut, with has a Democratic governor, and South Carolina, which is led by Republicans.