"War" On Poverty 50 Years Later

Fifty years after President Johnson started a $20 trillion taxpayer-funded war on poverty, the overall percentage of impoverished people in the U.S. has declined only slightly and the poor have lost ground under President Obama.

Although the president often rails against income inequality in America, his policies have had little impact overall on poverty. A record 47 million Americans receive food stamps, about 13 million more than when he took office.

The poverty rate has stood at 15 percent for three consecutive years, the first time that has happened since the mid-1960s. The poverty rate in 1965 was 17.3 percent; it was 12.5 percent in 2007, before the Great Recession.

~Washington Times



Watch Dr. Walter Williams' classic "Good Intentions" PBS special on this very issue if you want to know how minimum wage has hurt, not helped the poor in America (Williams is an economics professor at George Mason University).


"Good Intentions" with Dr. Walter E... by RocketmanRockyMatrix