Friday, April 14, 2006

Corporate Welfare


Most of the big public policy debates in Washington these days somehow involve homeland security. It animated the controversial ports deal, for example, and it underscores the battle over illegal immigration.

And that's as it should be. As I write in my book, Getting America Right, national security is the federal government's most important obligation. What could be more critical than that? Judging from the government's spending pattern, we have an answer: corporate welfare.

Last year, Washington spent $53 billion on homeland security -- and $60 billion on corporate welfare. Clearly our priorities are misplaced, and it's time to change that.

Anyone that hears me talk in the breakroom knows that I strongly dislike all our welfare systems. And corporate welfare is one of the worse. If a company can't make money on it's own then it deserves to fail. Period. The big airline carriers, let them go belly up. The cheaper carriers seem to be doing a good job and have a higher customer satisfaction rating then the big ones. Let Micky D's use it's own cash to set up ads in Europe. Why should I have give tax money to make a European desire a Big Mac?

posted by David at 4:31 PM :: Permalink ::

Comments on "Corporate Welfare"


Anonymous Anonymous said ... (07 March, 2007 09:52) : 

Where did you find it? Interesting read »


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