cloudboy
Posts: 7306
Joined: 12/14/2005 Status: offline
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The house passed a $1 Trillion Dollar farm bill. $1,000,000,000,000.00 “What's remarkable and extraordinary about the farm bill is that, at a time of record crop prices and federal deficits, the House overwhelmingly passed a bill to increase subsidies,” Scott Faber, vice president for governmental affairs at the Environmental Working Group, told me this week. “It’s hard to understand how anyone in the House who calls himself a conservative could support this, but many did,” said Chris Chocola, president of the free-market-oriented Club for Growth, which opposed the bill and lobbied against it. Earlier this year, the Agriculture Department projected that farm income in 2013 would be $128.2 billion, the highest since 1973, fueled by “record crop production levels” and “high prices for many crops.” Moreover, surging prices of farmland — 2013 was the third year of double-digit increases, according to the Federal Reserve Bank of Kansas City — have greatly improved farm balance sheets, the department said, and raised the net worth of many farmers. Despite flush times in the farm belt, the bill the House passed last week provides what the Environmental Working Group calls the most generous farm subsidies in history. It increased crop insurance subsidies and raised price targets for a wide variety of crops, locking in price guarantees at their recent near-record levels. ------------------ Is this a text book example of the Republican playbook? Lip service to guns and banning abortion to win votes. The real bacon goes to big business. While at it, cut food stamps from the bargain to help "balance the budget deficit and government waste."
< Message edited by cloudboy -- 7/20/2013 9:26:04 PM >
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