Ep. 7 - The Problem With The Welfare State
Episode 7 of the The Economics Review podcast, hosted by Aadi Golchha, titled "Ep. 7 - The Problem With The Welfare State" was published on April 18, 2021 and runs 10 minutes.
April 18, 2021 ·10m · The Economics Review
Summary
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.
Episode Description
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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