New Coffeehouse

Josh Marshall has launched a new group blog, TPMCafe. I highly recommend it. His first guest blogger at the TPMCafe table for one is someone you may remember, John Edwards. He'll be talking about the harsh realities facing 36 million Americans living in poverty and what we can do to help them.

Here's an excerpt from Sen. Edwards' first post:

David Shipler, who recently joined me on a panel at UNC, tells a striking story about a single mother he met while researching his book, The Working Poor. She had no savings and low earnings, so she had to live in a drafty wooden house. This exacerbated her son's asthma. That led to two ambulance rides to the hospital. Those trips led to ambulance charges she couldn't pay. Those charges damaged her credit report. And so then she was denied a loan to buy a mobile home. That meant she had to stay in that drafty house—the house that contributed to her son's asthma attacks. And she had to buy a car from a sleazy dealership that charged her 15 percent interest.

As one little boy David met told his mother, “Being poor is expensive.”

That boy was right on. The Brookings Institution recently released a fascinating study demonstrating how low-income families pay more for all sorts of things. They pay more for groceries and gasoline. They pay more for furniture and appliances. They pay higher prices for insurance and for utilities. And—something that has troubled me for a long time—they pay more for financial services, whether it’s cashing a check or getting a loan.

New Coffeehouse