$8.7 billion over the next ten years have been cut from food stamps nationwide as part of the newly-signed Farm Bill.
The oil industry continues to receive around $35 billion/year in subsidies. They probably need it; they’ve been recently recording record-low profits. They’ve only been averaging around $60 billion/year profits the last few years. They need to eat too.
The pharmaceutical industry gets north of $250 billion/year, when calculating for subsidies and the fact that Medicare cannot negotiate prices with drug manufacturers, thanks to the 2003 Medicare Part D bill that continues to heavy contribute to our extremely high prescription prices. But they need to eat too.
Top-200 companies combine to receive well north of $1 trillion/year (with a T) in federal support, and that doesn’t count the fact that their lobbying (which they spend a far less than that on) gets them trillions of dollars of business combined. But we need to prioritize the well-being of the good people from Goldman-Sachs, AT&T, Microsoft, Comcast, Lockheed-Martin, big banks that already received a bailout years ago, and other enormously rich companies you’ve heard of. They need to eat, so badly.
So let’s ignore those in need and keep shoveling money to the people who already have all of it. That makes sense.