About $59 billion is spent on traditional social welfare programs. $92 billion is spent on corporate subsidies. So, the government spent 50% more on corporate welfare than it did on food stamps and housing assistance in 2006.

About $59 billion is spent on traditional social welfare programs. $92 billion is spent on corporate subsidies. So, the government spent 50% more on corporate welfare than it did on food stamps and housing assistance in 2006.

The average household in America had to shell out around $2000 to make sure that AIG's counter-parties wouldn't have to accept the risks they took.  Would the world really have ended if we let AIG declare Chapter 11 bankruptcy? Infograpghic Source: http

This is the only clear examination of the true costs of the bailouts that I've seen. These ideas are so simple, yet so rarely ever expressed in the mainstream media.

This study by the Federal Reserve examines the effects of government intervention and the absence thereof in two similar financial crises which occurred simultaneously in Chile and Mexico. Chile liquidated the insolvent banks and instituted a new regulat

Those defending the huge budget deficit incurred by the massive federal stimulus package often say, “These are extraordinary times. We can’t afford to worry about the national debt now. We’ll be in a better position to deal with that later.”