Consider that $110 billion in government subsidies last year went to just 965 large companies.
The issue with poverty and unemployment isn’t too much spending on aid, it’s too little growth. Since 2000, growth has averaged just 1.8 percent annually, half the rate seen in the last half of the 1900s. What would employment look like with normal growth? According to the CBO, employment was about 6 million jobs short of where it would be if labor markets were back to “normal.”
The reason to critically evaluate federal anti-poverty programs isn’t to justify slashing their budgets, but because the poor need effective aid. If we’re going the spend the money, let’s spend it right.