Posts tagged subsidies
Boeing’s crony capitalism in America’s heartland
Everywhere Boeing goes subsidies follow. Without fail. In defense, in commercial aircraft, it doesn’t matter. It almost appears that subsidies are built fundamentally into Boeing’s business plan.
Actually, subsidies are built fundamentally into Boeing’s business plan.
The airline manufacturer even has its own taxpayer subsidized bank in the Export Import Bank of the United States. Sweet!
Not sweet for the taxpayers, but hey who cares about them?
(From The American Spectator)
Nixon is urging Missouri lawmakers to adopt a special tax package that would pay Boeing up to $75,000 per job per year — based on annual subsidies of $150 million spread over a minimum requirement of 2,000 jobs. No doubt that will strike some observers as money well spent — given much higher subsidy costs in other areas, such as solar energy, where federal subsidies have exceeded $350,000 per job.
Nevertheless, there are good reasons for being strongly opposed to the Boeing package.
Image credit: http://www.againstcronycapitalism.org
About Nick Sorrentino
Nick Sorrentino is the co-founder and editor of AgainstCronyCapitalism.org. A political and communications consultant with clients across the political spectrum, he lives just outside of Washington DC where he can keep an eye on Leviathan.
John Stossel – Detroit Gutted By Government
Published by XRepublicTV
John Stossel discusses the demise that is Detroit with guests Darcy Olsen and Shikha Dalmia, regarding causes behind the Detroit collapse and other cities following a different model running in the black unlike the bankrupt situation facing Detroit.
Thinking Sandy Springs, Georgia is a model worth much more study.
Posted by Judy Morris
U.S. Govt. Funnels Billions of $$$ into Junk Food, Equivalent to Cost of About 52 Billion Twinkies
Children today are three times more likely to be obese than three decades ago, while more than one-third of U.S. adults are obese. These obesity rates are directly tied to the number of people dying every year from heart disease, stroke, type 2 diabetes, and some forms of cancer. While the U.S. government would have you think they have your best health interests in mind, there is evidence to the contrary. Not only do they support our growing dependence on dangerous prescription drugs and the proliferation of genetically modified crops, but they also fund the junk food industry through subsidies.
A recent report from U.S. PIRG (a federation of state Public Interest Research Groups) indicates that since 1995, the U.S. government has spent more than $19 billion subsidizing corn and soy junk food ingredients.
That report, “Apples to Twinkies 2013: Comparing Taxpayer Subsidies for Fresh Produce and Junk Food”, says that the government funds more junk food than fresh fruits and vegetables. Though the government spends an estimated $292.5 billion on all agricultural subsidies since 1995, only $689 million went to apples (the “only fruit or vegetable to receive significant federal subsidies”). $689 million for apples compared with $19.2 billion for junk food is a serious disparity.
Read the rest at Natural Society, here.
“Small government conservative” lawmakers who directly benefit from farm subsidies
”Stephen brings his personal experience as a successful businessman running a large agriculture operation to Washington D.C. and understands, firsthand, that jobs are not created by Washington bureaucrats, but rather by hard-working folks in Tennessee. He is committed to taking every possible step to empower people to invest and create jobs, cut government spending and make Washington more accountable to taxpayers.”
- This is from the website of Representative Stephen Fincher of Tennessee who according to the attached article received the most agriculture subsidies of any member of Congress in 2012, $70,574.
If he really wanted to reduce the burden to taxpayers he could give that $70K back I suppose.
Many a rural Republican will go on and on about our need to reduce the size of government, and why we need to end waste and abuse in the District of Columbia. Some even talk about how crony capitalism is wrong.
Many of these same lawmakers however pony right up to the taxpayer funded trough when it comes time to hand out corn, sugar, or milk subsidies. These subsidies cost billions and billions of dollars.
A true statesman and humanitarian, Dr. Ron Paul, simply states the road we are on verses the road we should be on, explaining both consequences and rewards. I feel no individual in office can fill his mighty shoes, but that is not necessary, as the time is now to advance the cause of Freedom and Personal Liberty and the person to carry that cause is you and I, as individuals uniting to create a critical mass, so often mentioned by Bob Schultz and others. The revolution is now in our hands and we each will decide how best to promote the battle for Liberty!
Transcript Location: http://www.campaignforliberty.org/national-blog/transcript-of-farewell-address/
Much thanks to Gary Franchi and Matthew Hawes!
Congressman Paul’s final speech on the House floor before leaving Congress
Below is the transcript of Ron Paul’s farewell address to Congress:
Farewell to Congress
This may well be the last time I speak on the House Floor. At the end of the year I’ll leave Congress after 23 years in office over a 36 year period. My goals in 1976 were the same as they are today: promote peace and prosperity by a strict adherence to the principles of individual liberty.
It was my opinion, that the course the U.S. embarked on in the latter part of the 20th Century would bring us a major financial crisis and engulf us in a foreign policy that would overextend us and undermine our national security.
To achieve the goals I sought, government would have had to shrink in size and scope, reduce spending, change the monetary system, and reject the unsustainable costs of policing the world and expanding the American Empire.
The problems seemed to be overwhelming and impossible to solve, yet from my view point, just following the constraints placed on the federal government by the Constitution would have been a good place to start.
How Much Did I Accomplish?
In many ways, according to conventional wisdom, my off-and-on career in Congress, from 1976 to 2012, accomplished very little. No named legislation, no named federal buildings or highways—thank goodness. In spite of my efforts, the government has grown exponentially, taxes remain excessive, and the prolific increase of incomprehensible regulations continues. Wars are constant and pursued without Congressional declaration, deficits rise to the sky, poverty is rampant and dependency on the federal government is now worse than any time in our history.
All this with minimal concerns for the deficits and unfunded liabilities that common sense tells us cannot go on much longer. A grand, but never mentioned, bipartisan agreement allows for the well-kept secret that keeps the spending going. One side doesn’t give up one penny on military spending, the other side doesn’t give up one penny on welfare spending, while both sides support the bailouts and subsidies for the banking and corporate elite. And the spending continues as the economy weakens and the downward spiral continues. As the government continues fiddling around, our liberties and our wealth burn in the flames of a foreign policy that makes us less safe.
The major stumbling block to real change in Washington is the total resistance to admitting that the country is broke. This has made compromising, just to agree to increase spending, inevitable since neither side has any intention of cutting spending.
The country and the Congress will remain divisive since there’s no “loot left to divvy up.”
Without this recognition the spenders in Washington will continue the march toward a fiscal cliff much bigger than the one anticipated this coming January.
I have thought a lot about why those of us who believe in liberty, as a solution, have done so poorly in convincing others of its benefits. If liberty is what we claim it is- the principle that protects all personal, social and economic decisions necessary for maximum prosperity and the best chance for peace- it should be an easy sell. Yet, history has shown that the masses have been quite receptive to the promises of authoritarians which are rarely if ever fulfilled.
Writes Philip Klein at The Washington Examiner:
Nobody expects the Republican presidential nominee to be a libertarian purist, but it helps if he or she at least has a libertarian streak. In Rick Santorum’s case, he’s actively hostile toward libertarianism…
(Santorum’s) been coming under fire for his many votes to expand government. He took earmarks, voted for the Medicare prescription drug plan and backed No Child Left Behind. He pushed dairy subsidies, steel tariffs and sided with unions over workers.
As Cato’s Gene Healy noted in his Washington Examiner column on the topic this week, Santorum explicitly declared, “I am not a libertarian, and I fight very strongly against libertarian influence within the Republican Party and the conservative movement.”
This is a stark departure from Ronald Reagan, who had this to say to the libertarian Reason magazine in a 1975 interview:
If you analyze it I believe the very heart and soul of conservatism is libertarianism… The basis of conservatism is a desire for less government interference or less centralized authority or more individual freedom and this is a pretty general description also of what libertarianism is.
Ever since that time, Republicans have gotten into trouble when they have veered too far from libertarianism. If Santorum had a modicum of respect for libertarian philosophy, he would have been reluctant to embrace big government Republicanism during the Bush era. Instead, he cast votes that will make it harder for him to consolidate conservative support in the weeks and months ahead as his record undergoes more scrutiny…
Now more than every we need the Champion of the Constitution!
Please visit Ron Paul’s official campaign site by following the link below and donate today!
[CIM Comment: please note that the downloadable pdf file is linked at the end of the text. Also note that this is raw footage so the event starts about 10 minutes into the coverage.]
The Ron Paul 2012 Presidential Campaign announced the release of Dr. Paul’s “Plan to Restore America,” an ambitious federal government spending, tax and reform blueprint that as President he will implement.
The plan, authored by Paul’s campaign staff at his direction, promises to restore the federal government to its former Constitutionally-limited, smaller-government and less-burdensome place. The plan cuts $1 trillion in federal spending during the first year of a Paul Presidency and delivers a balanced budget in year three of a Paul Presidency.
“Ron Paul’s plan is the only one that seriously addresses the economic and budgetary problems our nation faces. It cuts $1 trillion in one year, and slashes regulations and taxes so our economy can grow and create jobs,” said Ron Paul 2012 National Campaign Chairman Jesse Benton, a plan co-author.
“It’s the only plan offered by a presidential candidate that actually balances the budget and begins to pay down the debt. And it’s the only plan being offered that tries to reign in the Federal Reserve and get inflation under control.”
Cuts totaling $1 trillion during the first year of a Paul Presidency would be achieved by eliminating five federal cabinet departments — the Departments of Energy, Housing and Urban Development, Commerce, Interior and Education. Cuts of this scale will also be accomplished by a Paul Presidency abolishing the Transportation Security Administration and returning responsibility for security to private property owners, abolishing corporate subsidies, stopping foreign aid, ending foreign wars, and returning most other spending to 2006 levels.
To view Dr. Paul’s “Plan to Restore America” in full, please click here:.http://www.ronpaul2012.com/wp-content/uploads/2011/10/RestoreAmericaPlan.p