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RE: Should America Continue To Support Failing Industries?
Our problem is debt, and lots of it. lots of free money being thrown around into every sector of the economy that falters even a little. We've papered over every minor correction in the last 30-40 years, and each time we piled on more debt. I don't know where the end of this rope is that we've hung ourselves with, but it sure feels like its getting close.
The subsidies are a small segment of a larger problem, but ending them would be a great start to fixing the perpetual mistakes that government makes meddling in the markets.