Measuring Poverty Correctly Reveals A Hard Truth About The Welfare State

Measuring Poverty Correctly Reveals A Hard Truth About The Welfare State Authored by Tyler Turman via TheDailyEconomy.org, America has spent more than $20 trillion on fighting poverty since the introduction of President Johnson’s Great Society program in 1964. Sixty years later, how are we doing? That depends, as it turns out, on how you measure it. Last month, Senator Kennedy (R-LA) introduced a bill that would require the Census Bureau to report a new poverty metric as an alternative to the Official Poverty Measure (OPM) by including both cash and non-cash welfare benefits in its calculations. As Kennedy points...