That's the title of an article over at Captain Capitalism's place. Here's an excerpt.
I need statistics. I need facts. And I need good methodology so I know, as accurately as possible, precisely what the hell I'm talking about. And one of the few economic stones I have left unturned with empiricism has been "corporate welfare." Specifically, how much is there?
This is an important statistic to know because when debating leftists they always claim that if we "just got rid of corporate welfare" then we wouldn't have a budget deficit nor (consequently) a national debt. That if we just stopped giving all those nasty corporations all that government cheese we'd be able to fund everything and everyone, from free education, to free jobs, to free house, and free healthcare.
Of course, when you try to peg them down on precisely how much in "corporate welfare" me and the other taxpayers give to these evil corporations, none of them have any figures. And so, as always with leftists, you can't rely on any kind of constructive debate that advances our understanding and moves us closer to a practical solution, simply because the left has no freaking clue what they're talking about. They're merely regurgitating talking points (usually lies) they heard from some other equally misinformed leftist and the real adult work of getting to the bottom of things and conducting research begins.
. . .
I have come up with a cool $225 billion in annual corporate welfare (it should be noted however, this does not include TARP as - hopefully - that was a one time anal raping of the American taxpayer).
There's more at the link. Well worth reading.
I found it interesting to see how the Captain came up with his figure. I think he's probably close to a minimum figure; it wouldn't surprise me if it were higher. In other words, it's probably at least one-sixth of the annual US budget, and possibly higher than that. (I daresay companies such as Archer Daniels Midland, Lockheed Martin and Halliburton couldn't survive in their present form [or at their present size] without corporate welfare. There are hundreds more like them.)
Something else that needs a budgetary axe, as quickly and as ruthlessly as possible.