Congress’ Sweet Tooth
Posted by Lance on 31 Oct 2007 at 9:32 pm | Tagged as: Economics, Lance's Page, Domestic Politics
Absolutely mind boggling:
Both the House bill, which was passed in July, and the Senate version, which could be voted on as early as this week, guarantee that the government will buy from American farmers an amount of sugar equivalent to 85 percent of domestic consumption — regardless of how much comes in from abroad. To add insult to injury, both also increase the longstanding price guarantee for sugar.
Take an absolutely indefensibly awful program and make it stunningly worse. Nice of them to notice this:
President Bush has been on the right side of the debate over farm subsidies. Big Sugar’s sweet deal gave him another good reason to veto the farm bill if it doesn’t cut back on all the goodies.
Get out the pen George.
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