This year, the federal government will spend more than $668 billion on at least 126 different programs to fight poverty; welfare spending by state and local governments adds an additional $284 billion. Clearly we are doing something wrong, as the poverty rate is now at the highest level in nearly a decade. Join us to hear Cato senior fellow Michael Tanner discuss his new paper, “The American Welfare State: How We Spend Nearly $1 Trillion a Year Fighting Poverty — And Fail,” and whether it is time to reevaluate our approach to fighting poverty.
Featuring Benjamin H. Friedman, Research Fellow in Defense and Homeland Security Studies, Cato Institute; Spencer Ackerman, Senior Writer, WIRED Magazine; and Julian Sanchez, Research Fellow, Cato Institute; moderated by Laura Odato, Director of Government Affairs, Cato Institute.
Featured PublicationWe are grateful to the Harry and Lynde Bradley Foundation and the Carthage Foundation whose support of the October 2012 Cato Conference “Europe’s Crisis and the Welfare State: Lessons for the United States” made possible this special issue of the Cato Journal.
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More Bang for Your Buck
The Cato Institute tops a new measure of think tank performance in the United States, according to a recent report. Cato bested all other U.S. think tanks in the main category of “Aggregate Profile per Dollar Spent.” “I’m grateful to the Center for Global Development for showing that Cato gives its sponsors something I wish government gave more of to taxpayers: bang for the buck,” said Cato CEO John Allison.