
Why should Congress do anything? It has achieved the perfect outcome. It pays farmers to grow certain crops, and it pays other farmers not to grow crops at all, then pays (allows tax deductions) investors and the wealthy to encumber land in a conservation easement…. follow the money.
The cost of food is going up as fast as fuel prices and they demand we use food for fuel. Riots in some 3rd world countries.
When are we going to wake these people up? We are sitting on billions of barrels of oil in this country. We have not built a refinery in over 30 years and we have to import already refined gasoline. The taxes on top of everything that grow the higher the prices get.
We are going to hell in a hand basket at the hands of this useless, pandering, corrupt congress. Thank you Speaker Pelosi and Senate leader Harry Reid.
Reason Magazine – Farm Bill Follies
Congress avoids every opportunity to reform wasteful and outdated subsidies
Ronald Bailey | April 30, 2008
The $300 billion farm bill is being cobbled together by Congress this week. As Senate Agriculture Committee Chairman Tom Harkin (D-Iowa) noted, “It’s not just a farm bill. This is a farm and a food and an energy bill.”
As Otto von Bismarck quipped, “Laws are like sausage. It’s better not to see them being made.” Let’s take a look at these three aspects of this unappetizing piece of sausage.
First, what do the farmers get? Answer: A lot. Last year, net farm income reached a record level of nearly $89 billion due to high crop prices. Farm household income averaged $84,000 in 2007, according to the Environmental Working Group (the 2006 average for all U.S. households was $66,000). Despite such good times, the federal government showered $5 billion in direct payments on 1.4 million farmers.
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