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Politics : American Presidential Politics and foreign affairs

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To: DuckTapeSunroof who wrote (31609)	1/20/2009 10:56:12 AM
From: TimF	Read Replies (1) of 71588

Corporate welfare being, of course, by FAR the largest portion of 'welfare spending'.. That's not exactly clear. It depends on how you define "welfare" and "corporate welfare". Peter defines welfare as all social spending. If you measure it that way than individual welfare dwarfs corporate welfare. If you only count money targeted at the poor as welfare, then Medicaid would still mean individual welfare is larger. If you don't count medical spending (tossing out Medicaid and SCHIP) don't count Social Security or Medicare (not income targeted), and count farm programs, or most of that spending (since the majority goes to agribusiness) as corporate welfare, then corporate welfare may be larger. But I'm still not sure. HHS has an over $70bil budget. HUD has $38.5. Agriculture has only $20.8bil. Commerce just under $9bil. So for the ordinary budget, individual welfare seems larger, even much larger. But now with the bailout money that's temporarily (well hopefully temporarily) changed, at least if you use a narrower definition of "welfare" than Peter's.

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