Friday, July 15, 2011

Resiliency of Farm Subsidies

Even amidst the debt ceiling talks, farm subsidies continue to be protected. This New York Times article discusses attempts by Presidents G. W. Bush and Obama to make cut particular programs, but each one failed.

I wouldn't be surprised if farm subsidies saw a few cuts, but I don't expect them to be very significant. Support for farm subsidies cuts across political party and region. In addition, farm subsidies actually represent a fairly small portion of the overall federal budget.

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