This year (2014) marks the 50th anniversary of President Lyndon Johnson’s launch of the War on Poverty. In January 1964,Johnson declared “unconditional war on poverty in America.” Since then, the taxpayers have spent $22 trillion on Johnson’s war. Adjusted for inflation, that’s three times the cost of all military wars since the American Revolution.
50 years later the rate of those in poverty is virtually unchanged. Time for a different approach?