President Obama laid out his vision for alleviating the scourge of generational poverty - a view that he says was shaped by his experience growing up in a single-parent home. His remarks provided rare insight into an often-guarded president, now in his second term.
"It's hard being poor. People don't like being poor. And it's time consuming. It's stressful. It's hard," he said during a panel discussion Tuesday morning at Georgetown University.
Deep poverty undermines our economic potential
Mr. Obama said partisans across the ideological spectrum should set aside assumptions and reframe the debate around the realities and roots of poverty. "The stereotype is you have folks on the left who want to pour money into social programs and don't care anything about culture or parenting or family structures. That's one stereotype. Then you've got cold-hearted, free-market capitalist types who are reading Ayn Rand and think everybody's moochers, and I think the truth is more complicated," Mr. Obama said.
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