{"id":15640,"date":"2021-09-12T07:49:05","date_gmt":"2021-09-12T07:49:05","guid":{"rendered":"https:\/\/thedailyherald.co.uk\/uncategorized\/the-war-on-poverty-wasnt-a-failure\/"},"modified":"2021-09-12T07:49:05","modified_gmt":"2021-09-12T07:49:05","slug":"the-war-on-poverty-wasnt-a-failure","status":"publish","type":"post","link":"https:\/\/thedailyherald.co.uk\/business-markets\/the-war-on-poverty-wasnt-a-failure\/","title":{"rendered":"The War on Poverty Wasn’t A Failure –"},"content":{"rendered":"

Has the War on Poverty been a failure?\u00a0 Well, of course it has.\u00a0 If you devote 50 years and $21.5 trillion (in 4Q2013 dollars) to anything, and people are arguing about whether it was a success or a failure, then you can be sure that it was a failure. Have you noticed that, 50+ years from its inception, no one is suggesting that the Apollo program was a failure?\u00a0 The Apollo program was an unchallenged success because it accomplished its stated goal: \u201c\u2026to land a man on the moon, and to return him safely to the earth.\u201d The stated goal of the War on Poverty, as enunciated by Lyndon Johnson on January 8, 1964, was, \u201c\u2026not only to relieve the symptom of poverty, but to cure it and, above all, to prevent it.\u201d\u00a0 Measured against this objective, the War on Poverty has not just been a failure, it has been a catastrophe.\u00a0 It was supposed to help America\u2019s poor become self-sufficient, and it has made them dependent and dysfunctional. This is fact is illustrated most vividly by the \u201cAnchored Supplemental Poverty Measure Before Taxes and Transfers*\u201d (ASPMBTAT).\u00a0 This metric was devised to assess the ability of people to earn enough, not counting taxes and subsidies, to keep themselves and their dependent children out of poverty.\u00a0 The income required to do this varies by family size and composition, but, for a family comprising two adults and two children, it is $25,500\/year (in 4Q2013 dollars). The ASPMBTAT is the ultimate quantitative test… Click below to read the full story from Forbes
Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Has the War on Poverty been a failure?\u00a0 Well, of course it has.\u00a0 If you devote 50 years and $21.5 trillion (in 4Q2013 dollars) to anything, and people are arguing about whether it was a success or a failure, then you can be sure that it was a failure. Have you noticed that, 50+ years…<\/p>\n","protected":false},"author":2269,"featured_media":15641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[33],"tags":[],"yoast_head":"\nThe War on Poverty Wasn't A Failure - The Daily Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thedailyherald.co.uk\/uncategorized\/the-war-on-poverty-wasnt-a-failure\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The War on Poverty Wasn't A Failure - The Daily Herald\" \/>\n<meta property=\"og:description\" content=\"Has the War on Poverty been a failure?\u00a0 Well, of course it has.\u00a0 If you devote 50 years and $21.5 trillion (in 4Q2013 dollars) to anything, and people are arguing about whether it was a success or a failure, then you can be sure that it was a failure. Have you noticed that, 50+ years…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thedailyherald.co.uk\/uncategorized\/the-war-on-poverty-wasnt-a-failure\/\" \/>\n<meta property=\"og:site_name\" content=\"The Daily Herald\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-12T07:49:05+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\">\n\t<meta name=\"twitter:data1\" content=\"Mike Rivero\">\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data2\" content=\"1 minute\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thedailyherald.co.uk\/#website\",\"url\":\"https:\/\/thedailyherald.co.uk\/\",\"name\":\"The Daily Herald\",\"description\":\"Your Super Aggregated News, Blog & Magazine\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/thedailyherald.co.uk\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/thedailyherald.co.uk\/uncategorized\/the-war-on-poverty-wasnt-a-failure\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/thedailyherald.co.uk\/wp-content\/uploads\/2021\/09\/15640-the-war-on-poverty-wasnt-a-failure.jpg\",\"width\":670,\"height\":1006,\"caption\":\"The War on Poverty Wasn’t A Failure –\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thedailyherald.co.uk\/uncategorized\/the-war-on-poverty-wasnt-a-failure\/#webpage\",\"url\":\"https:\/\/thedailyherald.co.uk\/uncategorized\/the-war-on-poverty-wasnt-a-failure\/\",\"name\":\"The War on Poverty Wasn't A Failure - The Daily Herald\",\"isPartOf\":{\"@id\":\"https:\/\/thedailyherald.co.uk\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thedailyherald.co.uk\/uncategorized\/the-war-on-poverty-wasnt-a-failure\/#primaryimage\"},\"datePublished\":\"2021-09-12T07:49:05+00:00\",\"dateModified\":\"2021-09-12T07:49:05+00:00\",\"author\":{\"@id\":\"https:\/\/thedailyherald.co.uk\/#\/schema\/person\/95c0c2d66b1d0204d9fa0fe29b500b2d\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thedailyherald.co.uk\/uncategorized\/the-war-on-poverty-wasnt-a-failure\/\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/thedailyherald.co.uk\/#\/schema\/person\/95c0c2d66b1d0204d9fa0fe29b500b2d\",\"name\":\"Mike Rivero\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/thedailyherald.co.uk\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0cf091cf2b1d256d0fbcadee04249859?s=96&d=mm&r=g\",\"caption\":\"Mike Rivero\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","amp_validity":null,"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/posts\/15640"}],"collection":[{"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/users\/2269"}],"replies":[{"embeddable":true,"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/comments?post=15640"}],"version-history":[{"count":0,"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/posts\/15640\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/media\/15641"}],"wp:attachment":[{"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/media?parent=15640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/categories?post=15640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedailyherald.co.uk\/wp-json\/wp\/v2\/tags?post=15640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}