I get a kick out of people who rag about Social Security. The nation's largest corporations and richest citizens receive more welfare money than our social welfare programs. Combine them all and they could not touch corporate welfare and the many billions recieved in subsidies they do not need. If we add together recent federal monies spent on AFDC/TANF, food stamps and Medicaid, it comes to about $105 billion annually. The total cost of the corporate tax breaks and subsidies is hundreds of billions of dollars.
The five biggest beneficiaries--AT&T;, Bechtel, Boeing, General Electric and McDonnell Douglas (part of Boeing)--tell the story. At these companies, which have accounted for about 40% of all loans, grants and long-term guarantees in the past decade, overall employment fell 38%, as more than a third of a million jobs have disappeared. While collecting those billions of dollars in subsidies, corporate America continued to move manufacturing abroad. Mitt Romney can tell you all about that.
This is the famous Trickle Down the Republicans insist is working so well. And what are those costs? The equivalent of nearly three weekly paychecks from every working man and woman in America--extra money that would stay in their pockets if it didn't go to support corporate welfare.
Actually the current system of entitlements is generally not paid for by you but the next generation; in other words, you're borrowing from your children. This does not mean that indeed the people in congress aren't drawing away your tax dollars, but that's what they do with social welfare programs too--that money often ends up in the pockets of people who do not deserve it.
If you want to see real welfare reform then you need to allow it to be handled on the local level and preferably through services provided, not money handed out.
The five biggest beneficiaries--AT&T;, Bechtel, Boeing, General Electric and McDonnell Douglas (part of Boeing)--tell the story. At these companies, which have accounted for about 40% of all loans, grants and long-term guarantees in the past decade, overall employment fell 38%, as more than a third of a million jobs have disappeared. While collecting those billions of dollars in subsidies, corporate America continued to move manufacturing abroad. Mitt Romney can tell you all about that.
This is the famous Trickle Down the Republicans insist is working so well. And what are those costs? The equivalent of nearly three weekly paychecks from every working man and woman in America--extra money that would stay in their pockets if it didn't go to support corporate welfare.
If you want to see real welfare reform then you need to allow it to be handled on the local level and preferably through services provided, not money handed out.