http://www.nytimes.com/2012/10/11/opinion/americas-ineffective-antipoverty-effort.html?nl=todaysheadlines&emc=edit_th_20121011&_r=0
Here is the gist of this article.
"....the question of how to lift 46 million Americans out of poverty. It's
an issue crying out for serious debate.
Each year, American taxpayers spend nearly $1 trillion trying to help the
poor, according to a recent study by the Cato Institute. It's easy to miss
that headline number, though, because the money flows into and out of scores
of federal, state and local government programs. In April, Michael D.
Tanner, a senior fellow at Cato, a libertarian research group, compiled a
list of 126 federal programs for low-income Americans, which together spend
$668 billion of taxpayer money annually. State and local governments
allocate an additional $284 billion, he estimated.
Consider a thought experiment: Divide $1 trillion by 46 million and you get
around $21,700 for each American in poverty, or nearly $87,000 for a family
of four. That's almost four times the $23,050 per year federal poverty line
for that family. It's intriguing to think about converting all of this to a
cash payment that would instantly lift everyone in poverty up to the middle
class. "
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