1. "News that the poverty rate has risen to 15.1 percent of Americans, the highest level in nearly a decade, has set off a predictable round of calls for increased government spending on social welfare programs. Yet this year the federal government will spend more than $668 billion on at least 126 different programs to fight poverty. And that does not even begin to count welfare spending by state and local governments, which adds $284 billion to that figure. In total, the United States spends nearly $1 trillion every year to fight poverty. That amounts to $20,610 for every poor person in America, or $61,830 per poor family of three. 2. In fact, since President Obama took office, federal welfare spending has increased by 41 percent, more than $193 billion per year. Despite this government largess, more than 46 million Americans continue to live in poverty. Despite nearly $15 trillion in total welfare spending since Lyndon Johnson declared war on poverty in 1964, the poverty rate is perilously close to where we began more than 40 years ago. 3. Throwing money at the problem has neither reduced poverty nor made the poor self-sufficient. 4. Since 1964 the federal government spent roughly $12 trillion fighting poverty, and state and local governments added another $3 trillion. Yet the poverty rate never fell below 10.5 percent and is now at the highest level in nearly a decade. 5. ...federal welfare spending alone totals more than $14,848 for every poor man, woman, and child in this country. For a typical poor family of three, that amounts to more than $44,500. 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, we should have theoretically wiped out poverty in America many times over. 6. . the poverty rate has remained relatively constant since 1965, despite rising welfare spending. In fact, the only appreciable decline occurred in the 1990s, a time of state experimentation with tightening welfare eligibility, culminating in the passage of national welfare reform (the Personal Responsibility and Work Responsibility Act of 1996). 7. The vast majority of current programs are focused on making poverty more comfortablegiving poor people more food, better shelter, health care, and so forthrather than giving people the tools that will help them escape poverty. And we actually have a pretty solid idea of the keys to getting out of and staying out of poverty: (1) finish school; (2) do not get pregnant outside marriage; and (3) get a job, any job, and stick with it. a. ...we can add one more important stepping stone on the road out of povertysavings and the accumulation of wealth. ... for the vast majority of households, the pathway out of poverty is not through consumption, but through saving and accumulation. Michael Sherraden, Assets and the Poor: A New American Welfare Policy (Armonk, NY: M. E. Sharpe, 1991)." http://www.cato.org/pubs/pas/PA694.pdf Scribd Again: "only appreciable decline occurred in the 1990s, a time of state experimentation with tightening welfare eligibility," So....conservatives were right.... The choice in November is clear.