We spend about $60,000 [per year] on various welfare programs for every poor household in America [see chart below]. And what are we getting for that giant expenditure of money? Well, as the second chart shows our progress in the fight against poverty came to a screeching halt right about the time that the politicians in Washington launched the so-called War on Poverty.
This
video contains more analysis, for those who want
to learn about the best way of actually reducing poverty. It's important to
remember, after all, that the welfare state has a human cost that is just
as important as the fiscal cost.
DWD--As for the last sentence, the welfare state has needlessly created a culture of dependency for a large segment of the U.S. population.
it would be interesting to see how unemployment, total employment, GDP, and national debt tracks with this graphic
ReplyDeleteYes, generally the share of those in poverty has gone up and down with the trend in economic growth (GDP) and unemployment.
ReplyDeletePS--I appreciate you comments Dallas65