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Tuesday, June 26, 2012

Study: More Than Half a Trillion Dollars Spent on Welfare But Poverty Levels Unaffected

The federal government is not making much headway reducing poverty despite spending hundreds of billions of dollars, according to a study by the libertarian Cato Institute.

Despite an unprecedented increase in federal anti-poverty spending, the national poverty rate has not declined, the study finds.

“[S]ince President Obama took office [in January 2009], federal welfare spending has increased by 41 percent, more than $193 billion per year,” the study says.

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2 comments:

Anonymous said...

Since welfare programs were instituted, nearly 14 trillion has been spent. With little to no impact.

Give a man a fish, teach a man to fish.

Anonymous said...

Several in-depth studies show that welfare and other programs have made a huge difference in raising people out of poverty. The problem is that those left behind tend to outbreed the ones that progress. Hence the actual poverty rate sees little change.