Commentary: Why isn’t Obama demanding corporate welfare cuts? [View all]

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$2.6 trillion could be saved without touching safety net


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.

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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.

And, contrary to what you’ve been told, there is plenty to cut.

http://www.marketwatch.com/story/why-isnt-obama-demanding-corporate-welfare-cuts-2012-12-18