Skip to main content

Black Listed News
Trending Articles:
Trending Articles:

Cato: Taxpayers Billed $100 Billion For Corporate Welfare in 2012

Published: August 9, 2012
Share | Print This


Source: Freedom Outpost

Corporate welfare programs instituted by the Obama administration are costing American taxpayers billions of dollars and they are getting nothing in return, except the bill. According to the CATO Institute corporate welfare has cost taxpayers $100 billion this past year alone.

It gets worse though. While a huge percentage of the Obama $800 billion in stimulus went to failed “green energy” companies like Solyndra, now it seems to be spreading throughout various federal agencies.

According to Cato, the most spending on “corporate welfare” programs in the federal budget — more than $25 billion — went to the U.S. Department of Agriculture.

A majority of the department’s farm subsidies go to the largest farms, the report noted.

The Department of Energy is responsible for nearly $18 billion in corporate welfare in FY 2012.

Other programs to make the list: the Department of Housing and Urban Development (HUD)’s Community Development Block Grant program ($285 million); the Commerce Department’s Broadband Technology Opportunities Program ($2.2 billion); attempts by Transportation Department policymakers to develop a high-speed rail network ($1.2 billion) and the Interior Department’s Bureau of Land Management ($1.4 billion) land-use programs.

Daily I find articles for Dr. Gary North at TeaPartyEconomist.com and I’m always running across wasteful government spending. Nowhere is it more evident than in the corporate welfare area. Billions are spent every year to prop up failing companies and businesses that can’t survive.

Read more...

Share This Article...



Image result for patreon

Emigrate While You Still Can!

Loading...


Image result for patreon


PLEASE DISABLE AD BLOCKER TO VIEW DISQUS COMMENTS

Ad Blocking software disables some of the functionality of our website, including our comments section for some browsers.





Login with patreon to gain access to perks!

SIGN UP TO GET BLACKLISTED NEWS DELIVERED RIGHT TO YOUR INBOX

Enter your email address:





More Blacklisted News...

Blacklisted Radio
Blacklisted Nation
On Patreon
On Gab
On Twitter
On Reddit
On Facebook
Blacklisted Radio:
Republic Broadcasting
Podcasts on Youtube
Podcasts on Demand
On Iheart Radio
On Spreaker
On Stitcher
On iTunes
On Tunein

Our IP Address:
198.245.55.242

Sponsors:
Garden office

good
longboard
brands


Advertise Here...






BlackListed News 2006-2019
Privacy Policy