That 100 million people on welfare pointed out in this forum I will bet you did not include farm welfare, which are called "subsidies".
Ryan was a stupid choice, period.
http://www.cato-at-liberty.org/ryans-plan-for-farm-subsidies/
I thought I would add some detail to the posts my colleagues have already written on Congressman Paul Ryanâs (R-Wisc.) 2012 budget resolution.
Interestingly â and, I would argue, appropriately â the agriculture stuff appears in the âEnding Corporate Welfareâ section of the plan, most of it on page 36. After outlining the ways that farming America is doing well, Ryanâs plan would cut almost $30 billion (or 20 percent of projected outlays) over the next 10 years from farm subsidies (direct payments, currently costing about $5 billion per year) and crop insurance subsidies. Cuts will also reportedly fall on nutrition and conservation programs, but I will let my colleagues weigh in on those.
The focus on crop insurance is encouraging, because crop insurance is an increasingly important part of U.S. farm policy, especially in recent years when commodity prices have been high: high prices reduce the amount of money taxpayers spend on commodity payments, but increases crop insurance premiums, which we all subsidize. They now cost about $6 billion, or more than commodity payments. And, as the blueprint points out, surely farmers âshould assume the same kind of responsibility for assuming risk that other businesses do.â Well played, Congressman.
One point on where the cuts fall on the commodity payments side: As a free-marketeer, I acknowledge that direct payments are less market-distorting than price-linked payments, and they are less (although not fully) questionable under World Trade Organization rules. If we are going to shovel money to farmers, in other words, sending unconditional welfare checks is the least distorting way to do it. But there is no money to raid from the price-linked programs because of high prices, so if savings are to be found, we need to raid the direct payment cookie jar. And, really, with $7 corn and red ink from here to eternity, surely this is an ideal time to wean farmers off of the government teat.
If you think this is going down, fuggetaboutit
