John Stossel: “When President Johnson declared a “war on poverty,” he said “compassionate government” was the road to prosperity for poor people. That made sense to me. At Princeton, I was taught that government’s central planners had the solution to poverty.
But then I watched them work. Government spent trillions of dollars on poverty programs, and the poverty level stayed stuck at about 12 percent of the population. It’s stayed there for about 40 years.
Now I understand that that government poverty programs encourage people to stay dependent. There’s money in it.”