Detailed text transcripts for TV channel - FOXNEWS - 20120419:11:47:00
Baines johnson declared a war on poverty in the united states. at that time, the poverty level was 19%. little did he know that almost 50 years and $15 trillion later, the united states would only have lowered that rate by 4%. so is it finally time to admit that maybe we're not fighting this poverty war the right way? joining us right now is the author of a new study that asks this, cato institute fellow michael tanner. >> great to be with you. >> great to have you. let's talk about the size of how much money we are throwing at poverty in this country. >> i think most people when they hear tal...
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