22 Aug 2023 8:18 am
Stop that liberal ****.Buffalo » 22 Aug 2023, 7:47 am » wrote: ↑ Corporate Entitlement Welfare Kings
Judson Phillips | Aug 22, 2023
Our federal government is spending way too much. The Congressional Budget Office (CBO) projects the federal government will spend about $6.2 trillion this year. When you consider that revenues are expected to be $4.8 trillion, our federal government is spending far more than they take in. This has resulted in about $33 trillion in national debt.
The corporate welfare kings have taken advantage of a federal government willing to spend more than they have. While average Americans squeak by in this era of high inflation and low confidence in the economy, the D.C. lobbying class has a sense of entitlement to federal funds. This is a problem that constitutional minded politicians need to address.
One vexing problem is figuring out how the massive numbers of lobbyists in Washington have impacted the growth of government. The high water mark for the number of lobbyist was 2007 when there were 14,816 and last year there were 12,644. The amount spent on lobbying has gone from $3 million in 1960 to well over $3 billion in 2022. The massive amount of spending is no coincidence.
This established lobbying presence in Washington has created a new entitlement culture. With all the lobbyists pushing for appropriations and special interest favors, we now have large corporations looking for handouts instead of trying to protect them from over taxation and too much regulation. Lobbying is part of our system, but the current way lobbying is conducted is more so with a handout for taxpayer cash rather than petitioning for redress of grievances.
As Mitt Romney said, corporations are people too, seriously they are.
A corporation has the right of free speech.
End of story.