''Corporate Welfare Spending Hits $100 Billion in FY 2012''

the report does not factor MIC spending which is mostly corporate welfare..............From The New American

''Federal subsidies distributed to the private sector in Fiscal Year 2012 cost American taxpayers nearly $100 billion, according to a startling new report by the libertarian Cato Institute. “That includes direct and indirect subsidies to small businesses, large corporations, and industry organizations,” the think tank stated in its policy analysis.

Corporate welfare, which generally comes in the form of loans or subsidies, are distributed by an array of federal agencies, with the top donors consisting of the departments of Energy, Commerce, Agriculture, and Housing and Urban Development. And while lawmakers squander billions of taxpayer dollars every year to fund their own corporate interests, the federal government will run a deficit in excess of $1 trillion this year.''

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