If you’re paying attention to Washington politics, you know that there is currently a big push underway by the White House and congressional Democrats to highlight income disparities in the United States.
The familiarity of this song and dance aside — which is, of course, another attempt to turn Americans’ attention away from Obamacare, an unpopular law, and President Obama’s terrible job approval rating — it’s worth noting that today is the 50th anniversary of the “war on poverty.” After this decades-long war, the poverty rate has barely moved, despite Congress spending trillions of dollars to combat it.
The Washington Examiner explains that, by any measure, the war on poverty has been a failure when viewed at the money spent compared to the poverty rate:
[W]hen LBJ declared the war, the U.S. economy was surging and the poverty rate had already declined from 22.4 percent in 1959, the earliest year available from the Census. Between 1965 and 2012, the national poverty rate has stubbornly averaged 13.6 percent per year and it has never fallen below 11.1 percent.
During the current economic downturn, the poverty rate was 15.1 percent in 2010, and 15 percent in 2011 and 2012 (the last year for which Census data is available). That’s the highest it’s been in a three-year span since 1964, and it means a stunning 46.5 million people are still living in poverty half a century later.