Why isn't Obama targeting $2.6 trillion in Corporate welfare?Submitted by Ian56 on Sat, 12/29/2012 - 21:30
When stock market journalists start asking questions about why Obama is not targeting $2.6 trillion of Corporate Welfare - EVERYBODY should realize that something is wrong.
By Rex Nutting, MarketWatch
$2.6 trillion could be saved without touching safety net
WASHINGTON (MarketWatch) – If President Barack Obama and Speaker John Boehner really want to reduce federal deficits, they’re doing a lousy job of it.
Rather than focusing their negotiations on specific and achievable savings that would stabilize our debt for a decade or more, the two leaders have instead been talking about areas of the budget in which there’s almost no common ground.
For Democrats, the only goal of the fiscal-cliff confrontation seems to be raising tax rates and getting more revenue from the wealthy. For Republicans, it’s shredding the safety net for seniors and the working poor.
They’re ignoring the most obvious solution: Eliminating unproductive and unnecessary federal spending and tax expenditures, especially corporate welfare that only benefits special interests. If even we didn’t have a deficit problem, we should eliminate or minimize this kind of wasteful spending.
We know why no one is talking about this solution: The corporate interests who feed at the public trough control the politicians and the media who have worked themselves into a frenzy over the debt and the fiscal cliff. You’ll never see a group of CEOs, like Honeywell’s David Cote or Jim McNerney of Boeing, come to Washington to lobby to have their subsidies eliminated, but you will see them ask for old and sick people to bear the costs of deficit reduction.
Continue reading at MarketWatch
I think there is a lot more than $2.6 trillion in Corporate Welfare savings that can be made over the next 10 years.
There are at least $10 trillion in easy savings.
Probably $15 trillion with some other easy savings of waste.
The article does a good job at detailing some of the specific easy savings that can be made.
Rex Nutting Marketwatch
Here are some more (there is some overlap).
I have set the above up as a blogpost for communication to non Ron Paul supporters.