When President Lyndon Johnson declared his war on poverty on Jan.
8, 1964, almost exactly 50 years ago, 19 percent of Americans
were poor.
Economic Scene
“The richest nation on earth can afford to win it,” he reasoned, as he proposed a clutch of initiatives from expanding food stamps to revamping unemployment insurance. “We cannot afford to lose it.”
A half-century later, our priorities have changed.
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