$7 billion in farmer subsidies puts the economic insanity of government farm policy on display

‘Our government continues to find new and innovative ways to waste taxpayer money, including buying off key constituencies (donors), all of which helps explain why our country is nearly $20 trillion in debt ($9 trillion of which has occurred during President Obama’s term).
Now, the Department of Agriculture has announced that it will transfer $7 billion of the people’s wealth to farmers this year, in what the agency calls “Agriculture Risk Coverage” and “Price Loss Coverage,” which are really just subsidies with fancy program names.
That’s because prices for agricultural products have remained mostly depressed this year – good news for consumers, but not so much, apparently, for farmers; corn in particular has been down.’
Read more: $7 billion in farmer subsidies puts the economic insanity of government farm policy on display