Friday, June 29, 2012

After Massive Welfare Spending, Poverty Levels Remain the Same

The federal government is not making much headway reducing poverty despite spending hundreds of billions of dollars, according to a study by the libertarian Cato Institute.

Despite an unprecedented increase in federal anti-poverty spending, the national poverty rate has not declined, the study finds...

Federal welfare spending in fiscal year 2011 totaled $668 billion, spread out over 126 programs, while the poverty rate that remains high at 15.1 percent, roughly where it was in 1965, when President Johnson declared a federal War on Poverty.

Throwing money into wasteful, inefficient, even counter-productive welfare programs is not good government.

And, obviously, it isn't good charity either.

Here's more of the CNS news story.