Cut Corporate Welfare, Not Medicare

[marmar]

from the Working Life blog:




Cut Corporate Welfare, Not Medicare

by Jonathan Tasini
Thursday 26 of May, 2011


Yesterday, Bill Clinton foolishly called on the country to use the bank robber Willie Sutton's maxim to address the debt "crisis" (which, in my opinion, is a phony crisis) by going where the money is. Foolish because Clinton pointed the finger at entitlements. But, the real place where the money is lies with the massive amounts of CORPORATE WELFARE clogging the budget to the tune of trillions of dollars.

Here is one great new example from today, to go along with a more detailed list below. Today's Wall Street Journal reports:

A new Pentagon forecast showing the total cost of owning and operating a fleet of F-35 Joint Strike Fighters topping $1 trillion over more than 50 years has caused a case of sticker shock in Washington.

And that price tag doesn't even include the $385 billion the Defense Department will spend to purchase 2,500 of the stealthy planes through 2035 (emphasis added).

Let that sink in. Almost $1.4 trillion to buy and operate a bunch of jets that are over-priced, behind schedule and, most important, by many accounts, not needed. By contrast, in 2011 dollars, as the Journal article cleverly points out in a related graphic, the entire cost of the whole interstate highway system (which is in dire need of repair) was $213 billion over 40 years. .............(more)

The complete piece is at: http://www.workinglife.org/blogs/view_post.php?content_id=15190

[Scuba]

1. Dollars paid to teachers and firefighters will be spent, which doesn't help the economy....

...only dollars paid to international MIC owners, which they then stuff in their already bloated Swiss bank accounts, will help the economy.

Only a liberal whackjob would argue differently.