Wednesday, May 21, 2008

Bloated Farm Bill

Via Farm Policy website: Dan Morgan reported in today’s Washington Post that, "A major new program in the recently enacted farm bill could increase taxpayer-financed payments to farmers by billions of dollars if high commodity prices decline to more typical levels, administration and congressional budget officials said yesterday.

“The potential costs came to light as administration officials pored over details of the 673-page, $307 billion legislation. President Bush has promised to veto the measure, which he called ‘bloated.’ The House and Senate passed the bill by bipartisan margins large enough to override him unless dozens of lawmakers switch sides."

A call to action: Get the Senate and House to sustain Bush's veto. $300 billion for farm programs is an absurd amount with such high food prices.

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