Thursday, May 15, 2008

The Farm Bill - Who Wants to Be a Millionaire?

They all line up at the trough, at our expense.

Who Wants to Be a Millionaire? - WSJ.com: "This year farm income is expected to reach an all-time high of $92.3 billion, an increase of 56% in two years, making growers perhaps the most undeserving welfare recipients in American history. But that won't stop this bill from passing the House and Senate by wide margins. Speaker Nancy Pelosi was once a farm subsidy skeptic, but she now has some 30 freshman Democrats from battleground rural districts to protect. So more than $10 billion a year in giveaways to agribusiness is a necessary taxpayer sacrifice to keep her majority.
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Oh, and you still don't even have to farm to cash in. Hundreds of millions of dollars will go to landowners based on their "historical planting average" even if they haven't planted a seed in years.
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If you wonder why urban Democrats would vote for this rural giveaway, the answer is they have been bought off with roughly $10 billion in extra funding for food stamps and nutrition welfare programs. Someone should tell them that their constituents might not need this cash if the farm bill didn't help keep food prices high. And let's not forget the Blue Dog Democrats who are supposed to be spending hawks. The farm bill busts the budget caps by at least $10 billion, but the Blue Dogs get $5.9 billion in handouts for their districts. So they will put their fiscal sermonizing on hold and vote 'aye.'"

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