=THE HUMBLE LIBERTARIAN=



The Definition of Libertarian: What Is Libertarian?

Reade This Landmark Book, A Most Comprehensive Survey of a Divers and Formidable Moovement in Politikal and Philosophical Thought:



THE LIBERTARIANS



The Ron Paul Revolution in Retrospect

The Rand Paul Revolution?

The Tea Party Movement

The Libertarian Party

The Free State Project

The Seasteading Movement

The Austrian Economists

The Anarchists

The Voluntaryists: Stefan Molyneux and Peaceful Parenting

The Agorists: Market Alternatives as Subversion

Objectivism: The Philosophy of Ayn Rand

The Ronald Reagan Revolution

The Crypto-Anarchists: Digital Currency and 3D Printed Guns

WikiLeaks and the Power of Disclosures

The Beltway Libertarians: Think Tanks

State Sovereignty Libertarians

The Psychological Libertarians

Monday, April 23, 2012

How America Spends Nearly $1 Trillion a Year Fighting Poverty -- and Fails

Forty-eight years after President Johnson declared war on poverty, the number of poor people in the United States remains stubbornly high....Total welfare spending in constant 2011 dollars (including state and local funds) has risen from $256 billion in 1965 to $908 billion today. Measured as a percentage of gross domestic product (GDP), total welfare spending nearly tripled from 2.19 percent of GDP to 6 percent. In 2011, there were 126 antipoverty programs administered by seven different cabinet agencies and six independent agencies. Combined with state and local spending, government spends $20,610 for every poor person in America, or $61,830 per poor family of three. Given that the poverty line for that family is just $18,530, poverty should theoretically have been wiped out many times over. According to Obama administration projections, over the next 10 years, federal and state governments will spend $250,000 for every American currently living in poverty.
Read the rest here
National Center for Policy Analysis 

Judy Morris,
Blogger, THL
Articles | Website

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