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In a time of serious budget deficits, immense war costs and a sluggish economy, we cannot afford to grant such outlandish subsidies to some of our Nation's largest corporations.

I believe, unlike people that are totally free-market, laissez-faire fundamentalists, that there is an important role that the government can play - one, in providing public goods, whether it's education, health care, or other things, and two, supervising countercyclical policy - stimulus, whether it's monetary, fiscal, or otherwise.

For American foreign aid to become more effective, it must embrace the power of partnerships, access the transformative nature of free enterprise, and leverage the abundant resources that can come from the private sector.

At the end of the day, philanthropy can only ever be an adjunct to what governments provide. And government coffers need to be replenished.

That means following a very restrictive fiscal and monetary policy which will squeeze the monopolies and cut their subsidies. On the micro level we will allow other economic agents, both domestic and foreign, to compete with them.

Subsidies are hugely important; they represent America's de facto energy policy.

When we give a subsidy, the benefits to the public ought to exceed the benefits to the company. When it doesn't, that's our definition of corporate welfare.

Government subsidies to elite private universities take the form of tax deductions for people who make charitable contributions to them.