Propose Federal cuts to Congressman Guthrie for 2013!
1
Cut $343 billion of Pell Grants & eliminating home-land security funding to states
2. Cut $15.4 billion farm subsidies
3. Cut $19.5 billion going to U.S. Agriculture Department's Foreign Agricultural Service
4. Cut $6.5 billion of energy subsidies
5. Cut $7.3 billion of Justice Department block grants
6. Cut $22.5 billion federal employee travel
7. Cut initiate 12..0 billion of 2009 stimulus to be added to implementation of Affordable Care Act;
8. Cut $500 billion from "CORPORATE WELFARE"
9. A more radical alternative proposed by Senator Richard Lugar, Republican of Indiana, and Senator Frank Lautenberg, Democrat of New Jersey, was:
a. scrap the current [FARM] subsidy system and replace it with a form of free gvernment revenue insurance for all American farmers and ranchers, including ones who grow actual food. Commodity farmers would receive a payment only when their income dropped more than 15 percent as the result of bad weather or price collapse. The $20 BILLION saved under this plan, called the
Fresh Act, would go to
conservation and nutrition programs, as well as to deficit reduction.
Corporate welfare has all the systemic debilitating effects, including dependency and self-destructive behavior, that characterized the troubled legacy of the Great Society social welfare agencies. Just as the social welfare state became a pernicious, self-perpetuating industry inside Washington, so it is today with the corporate welfare state.
Corporate Welfare is also a term used to describe the Trillions of dollars lost due to poorly negotiated contracts Bureaucrats, in a bunch of government agencies, have the power to negotiate contracts with foreign and domestic corporations. These bureaucrats are not elected to office and are virtually unsupervised and unaccountable. Our government employees are rarely dismissed, let alone prosecuted. These agencies are responsible for the use and control of our:
NATURAL RESOURCES -precious materials taken from our publicly owned land-like trees from forests, oil & gas, minerals like gold, coal, silver and control fishing rights, vendors in our parks, utilization of land, etc.
INTELLECTUAL PROPERTY: Patents on drugs, weapons, by products of NASA, scientific research, and other inventions from research paid for by taxpayers.
PUBLIC AIRWAVES: WE own the rights to all radio & television rights. Bureaucrats negotiate with corporations to LEASE OUR airwaves.
MILITARY WEAPONS/SUPPLIES: Bureaucrats, Pentagon officials are responsible for negotiating contracts with corporations for weapons, aircraft, ships, tanks, construction and maintenance of buildings, food, blankets, boots, medicine for the military, furniture, computers, telecommunications, etc.
DRUGS: The FDA takes years to approve a drug. Companies pay millions of dollars. The FDA also gives taxpayer money to have the National Institute of Health, Universities and other scientific foundations to do research. When the drug is found to be useful, they negotiate with the drug manufacturer and are SUPPOSED to make sure the drug will not be more expensive than it should be and negotiate a good price for government agencies like Medicare, Medicaid, and others.
BANKING: Banks went bankrupt during the Savings & Loan debacles. Who paid? YOU.
Credit companies are allowed to charge 23% AND add charge after charge. They are also charged with regulating insurance: Health, Auto, Life etc.
Federal subsidies to corporate America take many forms:
direct grant payments, below-market insurance, direct loans and loan guarantees, trade protection, contracts for unneeded activities, and unjustified special interest loopholes in the tax code.
In
1996 General Electric won fifteen grants for $20.1 million. Rockwell International received thirty-nine grants for $25.4 million. Westinghouse Electric received fourteen grants for $26.1 million. Yet, each of these companies had profits of at least half a billion dollars in 1996.
Corporate Welfare was passed out to Corporations having profits of at least
$1/2 BILLION DOLLARS in 1996:
General Electric won fifteen grants for $20.1 million.
Rockwell International received thirty-nine grants for $25.4 million.
Westinghouse Electric received fourteen FEDERAL GRANTS for $26.1 million.
In 1997 the Fortune 500 corporations recorded best-ever earnings of $325 billion, yet incredibly Uncle Sam doled out nearly $100 billion in taxpayer subsidies.1 These welfare payments come in every conceivable shape and size: government grants, sweetheart business deals arranged by the Commerce Department, cut-rate insurance, low-interest loans, a protective wall against foreign competition, exclusive government contracts, and a mind-boggling maze of special interest loopholes in the tax code.
Sixteen years ago; i..e, 1997 appropriations,
identified 55 of the most unjustified federal business subsidy spending programs as compiled by the Cato Institute. Their combined price tag came to $38 billion in 1997---16 years ago!!!!
All, but a small handful of America’s wealthiest corporations, have participated in the hunt for federal or state government subsidies. Most of these companies are double-, triple-, and quadruple-dipping.
CORPORATE WELFARE has all the systemic debilitating effects, including dependency and self-destructive behavior, that characterized the troubled legacy of the Great Society social welfare agencies.
Just as the social welfare state became a pernicious, self-perpetuating industry inside Washington, so it is today with the corporate welfare state. For example, Representative Dick Armey has shown the
growth of the tax code and its special interest provisions has exactly paralleled the growth of the Washington K Street lobbying industry.
FEDERAL BUYOUTS: TOBACCO & WALLSTREET BUY-OUTS
The tobacco provisions dramatically alter rules governing crop production. Since 1938 farmers had worked under a system of quotas that limited where and how much tobacco could be grown. those production quotas — which could be rented, bought, sold or inherited — were REPLACED by a $10 (billion DOLLAR FEDERAL buyout.
YES! FEDERAL BUYOUT TOOK PLACE DURING 1999-2004 ADMINISTRATION PRIOR TO
TREASURY SECRETARY HANK PAULSON'S IMPLEMENTING 2008 "FED BUYOUT" PLAN GIVING FEDERAL BUYOUT TO KEEP WALL STREET FINANCIALLY SOLVENT!
This is a request to Congressman Guthrie & Senator Paul to amend---NOW---appropriate federal statutes for eliminating approximately half-of-a-TRILLION FEDERAL SUBSIDIES to CORPORATE AMERICA--- IN THE FROM OF direct grant payments,below-market insurance, direct loans and loan guarantees, trade protection,contracts for unneeded activities, and unjustified special interest loopholes in the tax code--!
Also ask both Congressman Guthrie & Senator Rand Paul to support passage of federal Financial Transaction Tax law allowing total funding to SEC and other regulatory agencies to bring back federal protection for America's taxpayers'.
