Seriously? We Can't Even Cut Farm Subsidies?

Robert Samuelson says farm handouts exemplify our broken system

By Kevin Spak,  Newser Staff

Posted Jan 7, 2013 1:45 PM CST

(Newser) – Farm subsidies are widely seen as the "low hanging fruit" of federal spending cuts, but with the milk cliff looming, Congress last week passed an agriculture bill that left them all essentially intact. And that, in a nutshell, is "the essence of the deficit problem," writes Robert Samuelson, in a Washington Post column titled, "If we can't kill farm subsidies, what can we kill?" Here is $10 billion to $15 billion in annual spending that is antiquated and nearly impossible to justify, yet eliminating it is unthinkable.

The subsidies haven't saved small farms, nor are they necessary to keep afloat the wildly profitable large ones. And farming no longer can claim it has the market in terms of volatility: "Autos, steel, entertainment, newspapers" and more industries have all seen wild swings. "If the subsidies ended tomorrow, wheat would still be grown in Kansas," Samuelson writes. Yet Congress keeps them alive, playing a "shell game," replacing one maligned subsidy with another. "Politics fosters inertia. People feel entitled," Samuelson reasons. But "we no longer have the luxury—as we did for decades—of carrying marginal, ineffectual, or wasteful programs." Click for Samuelson's full column.

Farmers take pictures of a combine, an expensive farm machine, during a corn harvesting demonstration at the Husker Harvest Days fair, in Grand Island, Neb., Sept. 15, 2010.   (AP Photo/Nati Harnik)
« Prev« Prev | Next »Next » Slideshow

Politics favors the status quo; economics calls for change. Farm subsidies are but one example. - Robert Samuelson

Programs shouldn’t be immortal in the face of changing economic and social conditions. What’s no longer justified should be discarded. - Robert Samuelson

« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
2%
5%
7%
76%
1%
10%
To report an error on this story, notify our editors.

NEWS FROM OUR PARTNERS
Other Sites We Like:   The Street   |   MSN Living   |   PopSugar Tech   |   RealClear   |   24/7 Wall St.   |   Biography   |   Barstool Sports   |   OK!