Why isn’t Obama demanding corporate welfare cuts? $2.6 trillion without touching Safety Net!

[KoKo]

Dec. 18, 2012, 6:00 a.m. EST
Why isn’t Obama demanding corporate welfare cuts?
Commentary: $2.6 trillion could be saved without touching safety net

By Rex Nutting, MarketWatch

WASHINGTON (MarketWatch) – If President Barack Obama and Speaker John Boehner really want to reduce federal deficits, they’re doing a lousy job of it.

Rather than focusing their negotiations on specific and achievable savings that would stabilize our debt for a decade or more, the two leaders have instead been talking about areas of the budget in which there’s almost no common ground.

For Democrats, the only goal of the fiscal-cliff confrontation seems to be raising tax rates and getting more revenue from the wealthy. For Republicans, it’s shredding the safety net for seniors and the working poor.

They’re ignoring the most obvious solution: Eliminating unproductive and unnecessary federal spending and tax expenditures, especially corporate welfare that only benefits special interests. If even we didn’t have a deficit problem, we should eliminate or minimize this kind of wasteful spending.

We know why no one is talking about this solution: The corporate interests who feed at the public trough control the politicians and the media who have worked themselves into a frenzy over the debt and the fiscal cliff. You’ll never see a group of CEOs, like Honeywell’s David Cote or Jim McNerney of Boeing, come to Washington to lobby to have their subsidies eliminated, but you will see them ask for old and sick people to bear the costs of deficit reduction.

More with a list of Corporate Welfare that needs to be cut at.........

http://www.marketwatch.com/Story/story/print?guid=A524B3DC-4888-11E2-ACE1-002128040CF6