Wednesday, March 5, 2014
War on poverty: winning, losing, making things worse?
Here's an interesting article by John Goodman on the 50th anniversary of President Johnson's announced war on poverty. Goodman says poverty rates haven't dropped much from when the war started. Going from 18% of population to 15% despite spending $15 trillion since its inception and now $1 trillion annually. He argues we're in fact made things worse because the programs have undermined the factors which make it unlikely someone will remain poverty.