CNS | Welfare Spending Under Obama Up 41%; Poverty Rate Unchanged From LBJ

The 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, it finds.

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

Federal welfare spending this year now totals $668 billion, spread out over 126  programs, while the poverty rate that remains stubbornly high at nearly  15 percent – roughly where it was in 1965, when President Johnson  declared a federal War on Poverty.

 

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