From KCRW in Santa Monica and PRI, Public Radio International, this is To the Point.

The hidden cost of public assistance to private enterprise.

Hello again, I'm Warren Alney, and this is To the Point from Public Radio International.

The daily look at the issues Americans cut about most,

tax breaks and government subsidies are beloved by politicians

to help cities and counties and states increase jobs and grow their economies.

But when companies pit one place against another in bidding wars,

that can raise the cost to taxpayers while cutting vital services like public education.

When GM, Apple, and other major players say take it or leave it,

even state governments can't say no.

Is there any way to guarantee they'll get what they pay for?

If the company shuts down or decides to go elsewhere, who's left holding the bag?

On reporter's notebook later on, NASA says fear of the world's end is greatly exaggerated.

First, here's the news.

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Hello again, Warren Alney, back with To the Point.

From Travis County, Texas to the state of Michigan, local officials complained they've been bullied into issuing tax breaks and subsidies to companies that have broken their promises to enhance local economies.

Others think they're a good investment.

Is there any way to make sure?

On reporter's notebook, Internet rumors have persuaded many Americans

...