It is in the sense that you are treating the symptom not the disease.
Money would be better spent ensuring that those parents who can't feed their children are given the help to enable them to do so, and ensuring that parents who won't feed their children are punished accordingly until they take responsibility for their crotch goblins.
I've no problem helping those in need, but it must be done carefully, or the tax payer will end up feeding these kids for ever, as no government would risk stopping it.
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I doubt any amount of money would transform neglectful parents into caring ones; it's almost impossible to help those who won't help themselves.
And you say you've 'no problem helping those in need'. It's the kids who're at need.