"Wasteful subsidies" refers to financial support or benefits provided by the government or organizations that are inefficient, excessive, or misdirected. It means that the subsidy is being used in a way that is not productive or beneficial for the intended purpose or the overall economy.
Full definition
«GMA applauds today's overwhelming and bi-partisan support for an amendment offered by Senators Feinstein and Coburn to
end wasteful subsidies for corn ethanol.
But he made another important statement that's getting overlooked: he called on Congress to
stop wasteful subsidies given to large farms — those «direct payments» to big agribusiness that cost $ 5.2 billion a year.
The energy revolution is a game - changer, surely, and political support for restrictive green policies and
wasteful subsidies is declining.
It's all a tawdry tale of crony capitalism, bureaucratic overreach, unilateral taxation and
wasteful subsidies.
Solyndra, Enron and even Mexican drug cartels have benefited from
these wasteful subsidies.