Good grief. Obama wants to end oil subsidies, an indirect tax increase passed through the oil companies ending with you paying for it. Why should Obama just target the oil industry?
Americans that like a free market economy should shout out loud and clear, end all subsidies funded by the taxpayers in an indirect consumption tax. Let us get this over with. Subsidies are just inherently tainted federal tax dollars to insider lobbyists on behalf of special interest groups. Just end all subsidies, period.
Better, what is a subsidy anyway,other than corruption to special interest groups econonists try to make us rationalize as somehow being ok in a free market economy. And remember, we do not trust economists-for every economist, they are like lawyers that can argue anything is rational or irrational.
I will be right back. Below is the definition of what a subsidy is.
1. Monetary assistance granted by a government to a person or group in support of an enterprise regarded as being in the public interest.
I will be right back. I am going to see if I can find a list of all federal subsidies most citizens would state, we do not need at all.
Here is a link to around 1,696 federal subsidies.
http://www.cato.org/pubs/tbb/tbb_0611-41.pdf. Cost in 2006 is reported at 2.429 trillion of our federal funds. That is a lot of pork in corruption and tainted pile of crap.
The largest subsidy goes to fund health care bloat was the Medicare Prescription Drug program at 70 billion in 2006. Some of the subsidies are stupid. Healthy marriage, 150 million, safety belt performance grant, 124 million, incentive fund for teachers, a mere 99 million.
The more you know and understand our huge federal government, the more pissed off you should be. Welcome to I am po Club. I am voting for Scherer to end some of this kind of nonsense.