Rep. Ellison: ‘If Republicans want to do cuts,’ then cut corporate welfare - ‘If you want to save money, you want to cut the deficit, let’s let there be competitive bidding for Medicare Part D prescription drugs. That would save about $150 billion.”
Excluding items Social Security and Medicare, which are paid for by participants, the government spent about $16.5 billion in 2011 on actual welfare, better known as the Temporary Assistance to Needy Families program, according to budget numbers compiled by the Congressional Research Service.
Conversely, the U.S. spent about $100 billion on corporate welfare in 2012 — defined as individual subsidies to corporations or industry groups — according to the libertarian-leaning Cato Institute.
corn subsidies and "defense" spending could use a nice haircut too.