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Fiscal responsibility is out of fashion. The 2018 federal budget, drafted by a Republican president and Republican‐controlled Congress, blew through the loose limits established under Democratic President Barack Obama. The result is trillion‐dollar deficits as far as the eye can see. Spending matters. Any amount of corporate welfare is too much. Agriculture in particular has spawned a gaggle of sometimes bizarre subsidies. Payments, loans, crop insurance, import quotas, and more underwrite farmers. When these distort the marketplace, further efforts are concocted to address those dislocations. A dairy program created milk surpluses, which in turn encouraged state price fixing that generated massive cheese stockpiles, in turn triggering giveaways to the poor. The federal government killed off cows even as it continued to subsidize milk.
It's literally wasted money.
https://www.cato.org/commentary/corporate-welfare-lives#
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For those who will inevitably write "well yeah but Dems do it too and they smell bad so vote GOP" there are obviously plenty of examples of Democrats doing it too. Even in the same article..
Uncle Sam has a hideous record of choosing winners and losers. Most often he chooses the politically influential, which can mean picking losers. That certainly was the case in the area of “green” energy, for instance. The Obama administration funneled $535 million worth of loan guarantees to Solyndra, which President Barack Obama called an “engine of economic growth.” The company filed for bankruptcy in 2011 after spending $1.8 million on its Washington lobbyists.
It's amazing that Obama wasted so much money on junk like Solyndra, and then Trump comes along with his Republican led Senate and House and he says "oh yea, well I'm going to spend even more. I will take your horrible record and double that deficit back up to a trillion dollars".
@earl-of-trumps saidFree marketeers are capitalists, they've done everything they can to stink up the word but it is the most moral and effective system going. Crony capitalism is not capitalism.
It's cases like this or bailing out Wall St. banks to the tune for many $Billions, that makes me a
free marketeer and not a capitalist. Congressmen are just too darn corrupt to let them decide how much
of our money to take, and what to spend it on.
@earl-of-trumps saidIt's fine to have your personal preferences but you're also a voter.
It's cases like this or bailing out Wall St. banks to the tune for many $Billions, that makes me a
free marketeer and not a capitalist. Congressmen are just too darn corrupt to let them decide how much
of our money to take, and what to spend it on.