The US poverty rate has hit its highest level since 1965. Despite spending Trillions and destroying the Black and Poor White and Poor Hispanic family fabric in the process, it has failed.

Economists told the Associated Press they expect the official U.S. poverty rate to rise to its highest level since 1965 when 2011 figures are released.

Economists, academics and think tank staffers expect the official U.S. poverty rateto rise to its highest level since 1965 when the Census Bureau releases its figures for 2011, the Associated Press reported. The figures come out in November.

The liberal, nonpartisan and conservative experts the AP surveyed forecast the poverty rate would rise from 15.1 percent in 2010 to as high as 15.7 percent. If the rate only increases by one-tenth of a percentage point to 15.2 percent, it will tie 1983’s poverty rate, which was the highest poverty rate since 1965, according to the AP.

The only successful aspect of the War on Poverty was the creation of a dependency class. This was the real demonic aim of LBJ.

Tags: Great Society, LBJ, War on Poverty

This entry was posted on Monday, July 23rd, 2012 at 9:51 am and is filed under Democratic Party, Economy, Headlines, Misery Index, Progressives. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.