The big, nontransparent, and dangerous subsidies are off-budget, contingent liabilities generated by government support for too-big-to-fail financial institutions.  These subsidies do not appear in any annual appropriation, and they are not well measured by the government – which is part of what makes them so appealing to the big banks and so damaging to everyone else.
Le grandi sovvenzioni poco trasparenti e pericolose sono potenziali passività fuori bilancio, generate dagli aiuti statali a enti finanziari troppo grandi per fallire.