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tazzygirl -> RE: Tea Party ad (10/16/2012 11:41:49 AM)
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Pst... I know you didnt want to ask.... but I will tell you anyways
Rising federal spending and huge deficits are pushing the nation toward a financial and economic crisis. Policymakers should find and eliminate wasteful, damaging, and unneeded programs in the federal budget. One good way to save money would be to cut subsidies to businesses. Corporate welfare in the federal budget costs taxpayers almost $100 billion a year.
Policymakers claim that business subsidies are needed to fix alleged market failures or to help American companies better compete in the global economy. However, corporate welfare often subsidizes failing and mismanaged businesses and induces firms to spend more time on lobbying rather than on making better products. Instead of correcting market failures, federal subsidies misallocate resources and introduce government failures into the marketplace.
While corporate welfare may be popular with policymakers who want to aid home-state businesses, it undermines the broader economy and transfers wealth from average taxpaying households to favored firms. Corporate welfare also creates strong ties between politicians and business leaders, and these ties are often the source of corruption scandals in Washington. Americans are sick and tired of "crony capitalism," and the way to solve the problem is to eliminate business subsidy programs.
Corporate welfare doesn't aid economic growth and it is an affront to America's constitutional principles of limited government and equality under the law. Policymakers should therefore scour the budget for business subsidies to eliminate. Budget experts and policymakers may differ on exactly which programs represent unjustified corporate welfare, but this study provides a menu of about $100 billion in programs to terminate.
http://www.cato.org/publications/policy-analysis/corporate-welfare-federal-budget
The Cato Institute....
The Cato Institute is an American libertarian think tank headquartered in Washington, D.C. Founded as the Charles Koch Foundation in 1974 by Murray Rothbard, Ed Crane and Charles Koch.[6] In July 1976, the name was changed to the Cato Institute.[6][7] According to the 2011 Global Go To Think Tank Index, Cato is the 6th most influential US based think tank, ranking 3rd in Economic Policy and 2nd in Social Policy.[8]
The Institute's stated mission is "to increase the understanding of public policies based on the principles of limited government, free markets, individual liberty, and peace. The Institute will use the most effective means to originate, advocate, promote, and disseminate applicable policy proposals that create free, open, and civil societies in the United States and throughout the world."[9]
Cato scholars were critical of George W. Bush's Republican administration (2001–2009) on several issues, including the Iraq War,[10] civil liberties,[11] education,[12] agriculture, energy policy, and excessive government spending.[13] On other issues, most notably health care,[14] Social Security,[15][16] global warming,[17] tax policy,[18] and immigration,[19][20][21][22][23] they supported Bush administration initiatives. During the 2008 U.S. presidential election, Cato scholars criticized both major-party candidates, John McCain and Barack Obama.[24][25][26][27]
Cato has criticized President Obama's stances on policy issues since his inauguration, such as fiscal stimulus, healthcare reform, foreign policy, and the War on Drugs,[28][29][30][31] while supporting his stance on the repeal of Don't Ask, Don't Tell[32] and liberal immigration policy.[33]
http://en.wikipedia.org/wiki/Cato_Institute
But you keep ignoring corporate welfare as a bigger issue than general welfare. It fits into your philosophy better.
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