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Politics : The Obama - Clinton Disaster
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To: Wayners who wrote (23492)12/18/2009 1:54:40 PM
From: DuckTapeSunroof  Read Replies (1) of 103300
 
Re: "You mean like TARP and Stimulus Package?"

Not entirely.

For example, TARP funding (at least TARP I), is on-track to be paid back to the government... possibly even with an additional profit. (While 'Welfare' doesn't in the course of normal events get paid back....)

The Stimulus package was 60% classic government spending (so: fundamentally no different then any other government spending... the War in Iraq or Afghanistan, etc., etc., etc.) and 40% tax cuts, but it was a *one shot* deal... whereas the Medicare Advantage corporate welfare program was designed to roll on forever, not a one-time-only spend.

But the Medicare Advantage program is 100% pure Corporate Welfare --- and NONE of it's hundreds of billions of dollars are ever going to be repaid to the Treasury.

In actual fact --- 100% of the cost of this welfare was just placed on the federal deficit.

No revenue was ever raised to off-set it's cost, and no cuts were ever made in any other federal spending programs to make it deficit neutral.
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