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Thursday, July 26, 2012

Healthcare and Housing Subsidies Crippling US Economy

Government subsidies, which are crippling the U.S. economy, totaled $1.4 trillion in 2010, and health care and housing led the way. Housing was responsible for $227 billion, 16% of the total, but health care accounted for a whopping $743 billion, which amounted to more than half, 53%.




Education received $129 billion in 2010, through grants to school districts and lower-income college students and tax breaks on college savings. Compared to health, housing and education, the energy sector took a miniscule portion; it only received $35 billion worth of subsidies.

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