In 1964, President Lyndon B. Johnson declared the “War on Poverty.” The next year, the percentage of Americans living under that label was 17.3. Today, depending on how it is measured, poverty stands at 14.3%, or with transfer payments taken into account, 6.5%(1). On the surface, those numbers appear to be a resounding mark of triumph in the war declared by John F. Kennedy’s successor, but when the numbers are broken down, the picture is far less commendable.
The total costs of the five programs, which include the Earned Income Tax Credit, Temporary Assistance for Needy Families, Supplemental Security Insurance, […]
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