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Originally Posted by albed
More of that stupid "corporate welfare" bullshit. I've never seen any line in any government budget handing out money to a corporation. But a lie repeated often enough...
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you're just not looking in the right places. more of that stupid corporate welfare bullshit for your edification, from today's NYT:
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WASHINGTON, Dec. 21 — The United States offers some of the most lucrative incentives in the world to companies that drill for oil in publicly owned coastal waters, but a newly released study suggests that the government is getting very little for its money.
The study, which the Interior Department refused to release for more than a year, estimates that current inducements could allow drilling companies in the Gulf of Mexico to escape tens of billions of dollars in royalties that they would otherwise pay the government for oil and gas produced in areas that belong to American taxpayers.
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http://www.nytimes.com/2006/12/22/wa...ar tner=MYWAY