Trump: Former Starbucks CEO Howard Schultz doesn't have the 'guts' to run for president

[Farmer-Rick]

36. Deficits are a bogeyman the RepubliCONS use to keep social programs perpetually underfunded

and meager. It prevents the expansion of social systems that would make the average citizen's life better. You don't see them cutting back on wars, or subsidiaries to oil corporations or even Nike subsidiaries. They use it as an excuse for austerity for the middle class instead of taking back the huge amounts of our tax dollars that are given away to the richest of the rich. Don't you think if the deficit was a real problem they would go for the billions they hand out to the rich instead of going for the meager poor's benefits?

"According to The Cato Institute, corporate welfare handouts shot all the way up to $92 billion as of 2002. Most of those subsidies were secured by companies in industries like energy — which are some of the most profitable entities in the history of the world. As one writer at Forbes points out, cutting these huge subsidies would be a great way to help balance the national budget, but it is never put into action, and much less even considered."

"Nike, based in the Portland suburb of Beaverton, Oregon, has taken in more than $2 billion in government appropriations, spanning 75 individual subsidies. Spanning the globe in terms of scope and reach, Nike isn’t exactly strapped for cash, so making the case that the company is in need of government assistance can be difficult."

ttps://www.cheatsheet.com/money-career/high-on-the-hog-the-top-8-corporate-welfare-recipients.html/

Here is a summary of the 2011 oil industry subsidies compiled by Taxpayers for Common Sense in its report, "Subsidy Gusher."

Volumetric Ethanol Excise Tax Credit - $31 billion.
Intangible Drilling Costs - $8.9 billion.
Oil and Gas Royalty Relief - $6.9 billion.
Percentage Depletion Allowance - $4.327 billion.
Refinery Equipment Deductions - $2.3 billion.
Geological and Geophysical Costs Tax Credit - $698 million.
Natural Gas Distribution Lines - $500 million.
Ultradeepwater and Unconventional Natural Gas and other Petroleum Resources R&D - $230 million.
Passive Loss Exemption - $105 million.
Unconventional Fossil Technology Program - $100 million.
Other subsidies - $161 million.

https://www.thebalance.com/government-subsidies-definition-farm-oil-export-etc-3305788

So, no the deficit is really not a problem.

And really the rich love the deficit despite Schultz. Politician who get their campaign funding from the uber rich cut the uber rich's taxes then the government has to borrow to continue working. So, they borrow from those exact same people who they wont tax. It's a win win for them and it's why it's done that way.

And if you really want to know the truth about government spending (deficits) and wealth distribution, take a look at the federal reserve and our banking system. Talk about giving wealth to the wealthiest.