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Poverty fell off a cliff after the Second World War. It fell like a stone, including for American blacks. The economy was booming and everyone benefited. The poverty rate dropped from 35 percent in 1950 to less than 20 percent when President Lyndon Johnson, nonetheless, announced his War on Poverty.
By the time the War on Poverty kicked into gear in 1967, the poverty rate had fallen to 14 percent. After the implementation of the War on Poverty, poverty eradication ground to a halt. While it has ticked up and down a few points since that time, today it stands roughly where it stood back in 1967.
This article by Austin Ruse makes me wonder whether new tactics are needed in the war on poverty.The War on Poverty has been witheringly expensive. From 1967 to today we have spent 22 trillion in 2012 dollars on poverty relief. Today the U.S. government runs more than eighty means-tested welfare programs, including cash, food, housing, medical care, and other social services. A whopping hundred million Americans get some kind of aid. That is a third of the population.
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