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On January 8, 1964, President Lyndon B. Johnson delivered a State of the Union address to Congress in which he declared an “unconditional war on poverty in America.”
"Since that time[January, 1964], U.S. taxpayers have spent over $22 trillion on anti-poverty programs (in constant 2012 dollars). Adjusted for inflation, this spending (which does not include Social Security or Medicare) is three times the cost of all military wars in U.S. history since the American Revolution. Despite this mountain of spending, progress against poverty, at least as measured by the government, has been minimal."
The War on Poverty After 50 Years
"Throwing money at the problem has neither reduced poverty nor made the poor self-sufficient."
Scribd
Which brings us to Random Truth of the day, number nine.
9. Charities are better at providing for needy than the government.
"Since that time[January, 1964], U.S. taxpayers have spent over $22 trillion on anti-poverty programs (in constant 2012 dollars). Adjusted for inflation, this spending (which does not include Social Security or Medicare) is three times the cost of all military wars in U.S. history since the American Revolution. Despite this mountain of spending, progress against poverty, at least as measured by the government, has been minimal."
The War on Poverty After 50 Years
"Throwing money at the problem has neither reduced poverty nor made the poor self-sufficient."
Scribd
Which brings us to Random Truth of the day, number nine.
9. Charities are better at providing for needy than the government.