The new farm bill assures relatively rich farmers $956 billion for the next 10 years. Taxpayers pay about 60% of the cost of insurance against low prices for farmers. Spending on food stamps for the poor and unemployed meanwhile, will be cut $8 billion.
Of course, it is good that money is added to the bill to combat fraud in the food stamp and crop insurance programs, but the whole thing is a fraud.
Thursday, February 6, 2014
Thursday, January 30, 2014
Farm Welfare
We do not have welfare for the poor and unemployed, but we have it for large, rich farmers.
"The
new farm bill, which had been mired in partisan gridlock, makes
fundamental changes to both nutrition and farm programs. It cuts the
food stamp program by $8 billion, and about 850,000 households will lose
about $90 in monthly benefits under the change. (Let them eat cake.)
Anti-hunger
groups called the food stamp cuts draconian. Feeding America, a
coalition of food banks across the county, said the change would result
in 34 lost meals per month for the affected households.
The
bill does provide a $200 million increase in financing to food banks,
though many said the money might not be enough to offset the expected
surge in demand for food.
Farm
programs were not spared from the cuts in the new bill. The most
significant change to farm programs is the elimination of a subsidy
known as direct payments. These payments, about $5 billion a year, are
paid to farmers whether or not they grow crops, and the issue had become
politically toxic over the last several years as farm income has risen
to record levels.
The
new bill cuts this subsidy and adds some of the money to the
government-subsidized crop insurance. The government pays 62 percent of
premiums for the $9 billion-a-year insurance program." NYT 30 jan 2014
Thursday, January 23, 2014
World Wealth Distribution is Skewed
One percent of the world's population owns 45 percent of the wealth. Absurd!
At least the President of France has proposed a substantial tax on the super wealthy.
How long will we put up with this before people revolt. Maybe they already are, and we call them terrorists.
At least the President of France has proposed a substantial tax on the super wealthy.
How long will we put up with this before people revolt. Maybe they already are, and we call them terrorists.
Labels:
income distribution,
Moral values,
Political Economy
Friday, January 17, 2014
Air Force as Show Business and Special-Interest Politics
At the end of WW II a task force
was assembled to study the role of the Air Force in winning the war. John Kenneth Galbraith was a member of the
team. It concluded that the Air Force
was of limited impact and that it was the infantry that had to do the
work. “Attempts at daylight precision
bombing in World War II proved ineffective.
The bombers suffered heavy losses, and the enemy had to be defeated the
old-fashion way with massive armies slogging across Europe….” The same battle
is going on again. The Air Force wants new,
big and super-fast fighters that cost $1.5 trillion each. Yet, it was the cheaper, slower and more
maneuverable A-10 that provided air support to our troops in Afghanistan and
Iraq. Probably, the speedier fighters account
for many of the civilian casualties that the Afghans complain about. Fast planes and drones lack the necessary
field of vision to distinguish friend from foe. The Air Force is determined to eliminate the
A-10. Harper's reports that
“Legislators with A-10 bases in their districts who might ordinarily attempt to
save those jobs, were offered special inducements by the Air Force. Thus Michigan’s Carl Levin, chairman of the
Senate’s Armed Services committee, has been guaranteed a squadron of aerial
tanker planes that will provide substitute employment.”
The military-industrial complex is fleecing us again. I wish Levin had asked for high-speed rail lines rather that jets.
The military-industrial complex is fleecing us again. I wish Levin had asked for high-speed rail lines rather that jets.
Source: Andrew Cockburn, “Tunnel Vision,” Harper’s, February 2014.
Labels:
Democracy,
Fiscal stimulus,
Political Economy,
War
Saturday, January 11, 2014
Chemical Spills in West Virginia
It is ironical that Freedom Enterprises stored a chemical that leaked into the Elk River. Whose freedom did they have in mind? Not the thousands who can't even take a bath or wash their clothes.
Austerity
Ireland's Rebound Is
European Blarney
By
FINTAN O’TOOLEJAN. NYT 10, 2014
O’Toole questions the claimed
wonder of fiscal austerity--
“After five years of austerity,
it is shocking but hardly surprising that one in four Irish children are
growing up in households in which no one at all is in paid employment.”
“The policy of
No Bondholder Left Behind, on which the European Central Bank insisted, has
been staggeringly expensive. To put it in perspective, the European Union has
just agreed to create a fund of $75 billion to deal with all future banking
crises in its member states. Tiny Ireland has spent $85 billion bailing out its
own banks.”
Why is it that
the banks have come out smelling like a rose when it was their lack of wisdom
that created the problem in the first place?
Sunday, January 5, 2014
Civil Wars
The new year is marked by numerous civil wars (not so civil actually) including Lebanon, Iraq, Syria, South Sudan, Afghanistan, Egypt, and Indonesia that the U.S. is powerless to contain. So much for Bush's shock and awe.
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