In a word... No.
Study: More Than Half a Trillion Dollars Spent on Welfare – But Poverty Levels Unaffected
CNSNEWS.COM
By Matt Cover
June 25, 2012
Federal welfare spending this year now totals $668 billion, spread out over 126 programs, while the poverty rate that remains stubbornly high at nearly 15 percent – roughly where it was in 1965, when President Johnson declared a federal War on Poverty
Full story: http://cnsnews.com/news/article/study-more-half-trillion-dollars-spent-welfare-poverty-levels-unaffected (http://cnsnews.com/news/article/study-more-half-trillion-dollars-spent-welfare-poverty-levels-unaffected)