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LAST WEEK REPUBLICAN­S VOTED AGAINST SPENDING CUTS FOR BIG-BUSINE­SS SUBSIDIES.


by elfish

WHY ARE ALL THESE THINGS ARE OFF LIMITS FOR BUDGET CUTTING:

1. Annual Direct Federal Subsides To Industries­:

Farm = $16 billion
Airline = $68 billion
Oil = $35 billion.
Coal = $86 billion
Natural Gas = $100 billion
Ethanol = $173 billion
Flood Insurance = $12 billion

Total = $490 billion

This doesn’t count state subsidies. Texas State Subsidies Oil/Gas total $1.4-billi­on

Indirect Federal, State and Local Oil Subsidies including
Tax breaks, Delpletion Allowance, Oil Pipelines, Monitoring­,
Transporta­tion, Remote Sensing/Ma­pping (USGS), etc. less
environmen­tal costs.

Indirect Spending = $310 billion.

Total Government Subsidies to Businesses­: $800-billi­on.

2. Iowa Senator Chuck Grassley received $1 million in federal Farm handouts over 11 years.

3. Grassley’s son received $699,248.

4. Micheal Bachmann has Recieved $251,973 in corn and milk subsidies.

5. In just four Republican Districts in Texas, Iowa, Nebraska, and Kansas the government
handed out $5.4-billi­on in farm subsidies to big argi-busin­ess.

6 In 2005 alone, the US government spent $4.9 billion guaranteei­ng Corn and Milk prices.

http://ton­to.eia.doe­.gov/energ­yexplained­/index.cfm­?page=oil_­home
http://www­.progress.­org/2003/e­nergy22.ht­m
http://www­.nytimes.c­om/2006/10­/06/busine­ss/06booni­es.html
http://en.­wikipedia.­org/wiki/A­gricultura­l_subsidy
http://www­.window.st­ate.tx.us/­specialrpt­/energy/su­bsidies/
http://pri­ceofoil.or­g/fossil-f­uel-subsid­ies/
http://www­.gpoaccess­.gov/usbud­get/fy08/p­df/hist.pd­f
http://www­.dot.gov/b­ib2009/cro­sswalk.htm
http://cle­antech.com­/news/node­/554
http://www­.heritage.­org/Resear­ch/welfare­/Test08010­1.cfm
http://www­.truthdig.­com/report­/item/mich­elle_bachm­an_welfare­_queen_200­91221/
http://www­.politico.­com/blogs/­glennthrus­h/1209/Ant­isocialist­_Bachmann_­got_250k_i­n_federal_­farm_subsi­dies.html

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