Issues of concern to people who live in the west: property rights, water rights, endangered species, livestock grazing, energy production, wilderness and western agriculture. Plus a few items on western history, western literature and the sport of rodeo... Frank DuBois served as the NM Secretary of Agriculture from 1988 to 2003. DuBois is a former legislative assistant to a U.S. Senator, a Deputy Assistant Secretary of Interior, and is the founder of the DuBois Rodeo Scholarship.
Wednesday, July 11, 2012
Ag Reform Bill, At $969 Billion, Is A Mammoth Waste
Although our friends in the U.S. Senate routinely dismiss common sense solutions to our fiscal crisis, they have shown little resistance in considering an expensive 1,010-page farm bill. Dubbed the Agriculture Reform, Food and Jobs Act of 2012, this $969 billion monstrosity speaks to exactly why the American people sent us to Washington: To stop the spending, waste and corruption. Only in Washington could this bill be considered fiscally responsible. Despite the fact the Senate cosponsors claim this farm bill could save $23.6 billion over the next decade, the actual 10-year cost of this bill dwarfs the 2008 farm bill at a CBO-projected $604 billion. It does not take an economist to note that a 62% increase in spending while we approach $16 trillion in debt is simply unsustainable. In addition to its bloated numbers, this bill includes an endless parade of special interests. Washington is picking winners and losers through a combination of price controls, import restrictions, subsidies and cash payments; and it reeks of corporate welfare in an era of record-high farm incomes and record-low debt ratios...more
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