Is Poverty Really Such a Problem?

I linked to this post earlier in the week, but there have been some updates and comments made, and I find the discussion fascinating. One of the comments made by Gabriel from Leaderlog pointed out this paper from the Inequality.Org website. Figure 6 on page 15 of the paper contains data about time spent in poverty for people studied between 1996 and 1999. If I am reading this correctly, 51% of those in poverty during that time were only there for 2-4 months. Nearly 80% of those in poverty were there less than a year. If most of the poor aren't chronically poor, I think that has serious implications for public policy on poverty. Go check out the post and see what you think.