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Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs

 
Horus
User ID: 13407412
Iceland
09/12/2012 04:11 PM
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Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs
"The Big Picture

So now let’s look at the big picture. The final totals are $59 billion, 3 percent of the total federal budget, for regular welfare and $92 billion, 5 percent of the total federal budget, for corporations. So, the government spends roughly 50% more on corporate welfare than it does on these particular public assistance programs.

Should we spend less on corporate welfare and/or social welfare programs? Or should we spend even more? It’s up to you. A bunch of people died horrible deaths to make sure this country remained a democracy, so if you feel strongly about this issue you owe it to them to call or write your congressman and senators and give them a piece of your mind."
[link to thinkbynumbers.org]

hf
Slyder

User ID: 17016610
Canada
09/12/2012 04:28 PM
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Re: Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs
I say let the oil companies make their own money and take the subsidies back... We'll need that cash to pay for gas soon enough
I am a deeply religious nonbeliever - this is a somewhat new kind of religion. Albert Einstein

Radicalism!... The new-age religion of nutcases of every flavor
Anonymous Coward
User ID: 17549114
United States
09/12/2012 06:01 PM
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Re: Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs
Put EBT in your title. That always gets em fired up.
Horus
User ID: 13915545
Iceland
09/13/2012 11:07 AM
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Re: Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs
I say let the oil companies make their own money and take the subsidies back... We'll need that cash to pay for gas soon enough
 Quoting: Slyder


"There are, of course, positive and negative aspects to this spending.The primary negative aspect is that you have to increase taxes to pay for it. Taxing individuals lowers their standard of living.  It reduces people’s ability to afford necessities like medical care, education, and low mileage off-road vehicles.The common usage definition of social welfare includes welfare checks and food stamps. Welfare checks are supplied through a federal program called Temporary Aid for Needy Families. Combined federal and state TANF spending was about $26 billion in 2006. In 2009, the federal government will spend about $25 billion on rental aid for low-income households and about $8 billion on public housing projects. For some perspective, that’s about 3 percent of the total federal budget."

who receives 25 billion dollars through welfare

a) people caught in the poverty trap?
b) their landlords?

property
Horus
User ID: 23028624
Iceland
09/13/2012 06:12 PM
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Re: Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs
"Macroeconomic effect

According to Keynesian economic theory, like other forms of government spending, SNAP, by putting money into people's hands, increases aggregate demand and stimulates the economy. In congressional testimony given in July 2008, Mark Zandi, chief economist for Moody's Economy.com, provided estimates of the one-year fiscal multiplier effect for several fiscal policy options, and found that a temporary increase in SNAP was the most effective, with an estimated multiplier of 1.73.[32] In 2011, Secretary of Agriculture Tom Vilsack gave a slightly higher estimate: "Every dollar of SNAP benefits generates $1.84 in the economy in terms of economic activity."[33] Vilsack's estimate was based on a 2002 George W. Bush-era USDA study which found that "Ultimately, the additional $5 billion of FSP (Food Stamp Program) expenditures triggered an increase in total economic activity (production, sales, and value of shipments) of $9.2 billion and an increase in jobs of 82,100," or $1.84 stimulus for every dollar spent.[34]"
[link to en.wikipedia.org]


money in the hands of the people
sharing = prosperity
don't let them fool you
there is enough for everyone.
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