...and how we spend nearly $1 Trillion per year fighting poverty -- and FAIL.
Total spent to "fight" poverty since 1964, when LBJ announced his "war on poverty" - $15 Trillion
Percentage of people at poverty level in 1964 - 19% and falling
Percentage of people at poverty level in 2013 - 15.1% and rising
Number of federal programs that "fight" poverty - 126
Expansion of federal spending to "fight" poverty under Obama - 41%
Federal spending in 2013 to "fight" poverty - $668 billion
State spending in 2013 to "fight" poverty - $284 billion
Despite all this spending since 1964, the poverty rate never fell below 10.5%
Single largest welfare program -- Medicaid. Spending topped $288 billion in 2011.
No. 2 is food stamps. Nearly 41 million people or 15% of the entire population receive food stamps. Highest number in U.S. history.
The Cato Institute published this report highlighting all of this and extols a new way of thinking about welfare -- instead of making poverty more comfortable for people, institute plans that help create prosperity that launches people out of poverty.
http://object.cato.org/sites/cato.org/files/pubs/pdf/PA694.pdfI would ask the mods to put this post/information in the Political Ammunition forum. When the moonbats cry for more money for more welfare, this study should prove beyond a shadow of a doubt that WELFARE DOES NOT REDUCE POVERTY -- IF ANYTHING, WELFARE INCREASES POVERTY.