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‘War on Poverty’ May Have Created a Permanent Underclass, Economists Say
Kevin StocklinAmerica’s “War on Poverty,” launched by President Lyndon Johnson in 1964, has expanded into a vast array of federal social welfare programs that today exceed $1 trillion per year. Upon signing the Economic Opportunity Act, Johnson stated: “This is not in any sense a cynical proposal to exploit the poor with a promise of a…

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