News Note: The REAL Welfare Burden

The New York Times is running a series on “incentives” companies get from governments. Critics often refer to these as subsidies — or giveaways. Two recent Times pieces are “As Companies Seek Tax Deals, Governments Pay High Price” and “Lines Blur as Texas Gives Industries a Bonanza.”    FROM COMMON DREAMS (see Link)

The Times series reports on the BILLIONS which State and Local governments bestow on CORPORATEERS. Fact is, the Federal Government gives even BILLIONS more. Whenever we talk about cuts we tend to ignore the massive subsidies garnered by the corporate sector. For instance, the U.S. Government has actually paid McDonald’s MILLIONS so as to promote their sales of hamburgers worldwide. Why pay McDonald’s t0 sell hamburgers? Isn’t that their business? But no, a mother with 3 kids to support or a disabled oldster will have their picayune pittance slashed to meet budgetary goals while the Corporate Welfare cornucopia overflows unrestrained.

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