Wednesday, January 8, 2014

Poverty level under Obama at 50-year record

Of course, you won't see that affect Dear Leader and his family's lavish lifestyle. The perpetual nature of the 'War on Poverty' seems to prove that there is no real fight being waged against poverty, but rather a concerted effort to drag everyone down through redistributive means...and Democrats have led that charge for over 50 years now...
WashingtonTimes: The president last month declared the widening gap between rich and poor as “the defining challenge of our time,” and Democratic candidates are expected to pick up that theme on the campaign trail rather than debate deficits and the complications of Obamacare.

In spite of the administration’s anti-poverty efforts, however, the government reported this week that poverty by some measures has been worse under Mr. Obama than it was under President George W. Bush. The U.S. Census Bureau reported that 31.6 percent of Americans were in poverty for at least two months from 2009 to 2011, a 4.5 percentage point increase over the pre-recession period of 2005 to 2007.

Of the 37.6 million people who were poor at the beginning of 2009, 26.4 percent remained in poverty throughout the next 34 months, the report said. Another 12.6 million people escaped poverty during that time, but 13.5 million more fell into poverty.

Mr. Rector said the war on poverty has been a failure when measured by the overall amount of money spent and poverty rates that haven’t changed significantly since Johnson gave his speech.

“We’ve spent $20.7 trillion on means-tested aid since that time, and the poverty rate is pretty much exactly where it was in the mid-1960s,” he said.
When LBJ declared an "unconditional war on poverty in America" in January of 1964...



...a young up-and-comer called this sham out for what it was in October of that same year...



It shouldn't take another 50 years to admit that the politics of Big Government have yet again failed miserably.

Related link: LBJ'S War on Poverty and Reagan's Retort