Just so Sam doesn't think I automatically
think the opposite of whatever he says, I'm going to back him up a little here. http://thinkbynumbers.org/government-sp ... tatistics/
About $59 billion is spent on traditional social welfare programs. $92 billion is spent on corporate subsidies. So, the government spent 50% more on corporate welfare than it did on food stamps and housing assistance in 2006.
While it my look cut and dry...it ain't. Our system has become so convoluted it's very hard to discern what "corporate welfare" is in terms of Subsidies because for the most part they aren't actually subsidies in the sense most people would think of in terms recognizable to them.
Let me explain, I'm self employed so can write off capital expenses on say, a new piece of equipment which I can claim a depreciated amount which diminishes every year for 5 to 7yrs. While it reduces my tax burden up front I still have to pay taxes on the my purchase.
Now compare that to say a Welfare recipient who rents an apartment, he or she pays 1/3rd the actual cost of the space while we pay the remainder to the landlord directly through our taxes to pay for it.
Their EBT cards which they purchase goods and sell them for drugs...directly from our taxes, or in CT's case which includes a large Puerto Rican Population where they are finding that they are buying food and goods with their EBT cards and shipping them back to family back home in PR, no wonder everybody wants to come here!
FArm Subsidies, nooo, not Mom and Pop Joe farmer, most don't realize that the biggest recipients of "corporate Farm Subsidies" benefit companies which manage Multi-million dollar operations like Cargle which most have never seen an ear of corn if it wasn't on their plate in NY city. Or that we pay farmers NOT to grow crops to balance out the markets...aka Gov. funded Welfare to influence the PRIVATE FREE Market system.
Another example of which will make most Normal people cringe.
Socialist Democrat Dannel P Malloy, Gov. of Ct., gave the the most profitable Hedge Fund in our state ( the manager made 3.9 Billion..yes he personally made 3.9 Billion in 2011) $115 Million to move the offices one town over.
Yep, tax payers like meeee, paid for a company with assets of over $130 Billion to move their desks and computers across town.