EPISODE · Apr 18, 2021 · 10 MIN
Ep. 7 - The Problem With The Welfare State
from The Economics Review · host Aadi Golchha
In lieu of the rapidly expanding national debt, it is essential that we take a look at one of the major tenets of the federal budget responsible for a large part of said debt, the welfare state. In 1964, President Lyndon Johnson declared an “unconditional war on poverty in America.” Over 50 years and $23 trillion later, the poverty rate remains almost identical to what it was in the sixties.
What this episode covers
In lieu of the rapidly expanding national debt, it is essential that we take a look at one of the major tenets of the federal budget responsible for a large part of said debt, the welfare state. In 1964, President Lyndon Johnson declared an “unconditional war on poverty in America.” Over 50 years and $23 trillion later, the poverty rate remains almost identical to what it was in the sixties.
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Ep. 7 - The Problem With The Welfare State
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