Despite spending $18 trillion on the war on poverty since 1965, the poverty rate is at its highest rate since the ill-fated anti-poverty programs were enacted. In 2011, we spent $746 billion in federal funds and $254 in state matching funds on all welfare programs, including Medicaid. What do we have to show for it? A poverty rate of over 15%, the highest since the ’60s.
And where are we headed?
Here is a chart from Senate Budget Committee Chairman Jeff Sessions, which projects the unsustainable trajectory of our welfare spending: