In response to:

Corporate Welfare Cost Taxpayers $100 Billion in FY 2012

deltagreen Wrote: Aug 07, 2012 7:10 PM
Chicken feed. In the big scheme of things with yearly 1.3-1.4 Trillion dollar deficits, this is what 7 or 8% of that amount. It's less than half the annual baseline increase on the entire 4+ trillion dollar budget. I'd like to see all individual,farm and corporate welfare eliminated. But in the big picture that 100 billion isn't what's pushing us over the fiscal cliff. The 800 lb gorilla in the room is entitlements and anyone who can count without having to take off their shoes and mittens knows it.
The Cato Institute recently put a dollar figure on the amount of money that the "Bank of Washington" spent on corporate welfare for Fiscal Year 2012. Corporate welfare cost taxpayers $100 billion this past year, according to Cato’s report . This spending is spread throughout numerous 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...