The Real World and the Chart
Paul Krugman wishes to disprove something I wrote the other day. In this post I wrote: The sage of creased pants bipartisanship, David Brooks, reports on Jesus’s letter to the Corinthians. Thomas Friedman, the guru of globalism reduced to ridiculous phrases with no meaning yells at train stewards for not clearing his plate fast enough. And the Washington to New York crowd laps them all | Read More »
The Path Forward on the Farm Bill
Today, GOP leadership suffered a stunning defeat as 62 Republicans voted against the 5-year farm bill (H.R. 1947), which locks in the record baseline of food stamp spending and creates multiple new agriculture subsidy programs. A handful of them voted against it because it cut too much spending, and others like Bill Shuster voted no because they are facing potential primary challenges (Shuster voted for | Read More »
The Coming of the Perpetual Milk Cliff
Only in Washington could they concoct a scheme in which we are forced to increase spending on market-distorting subsidy programs lest we suffer the pain of further market distortions through government price controls. Yet, that is the case with the so-called dairy cliff that would have been crossed had Congress not passed an extension of the current farm bill. Last year, conservatives successfully blocked the | Read More »
Compromise reached on… farm bill.
If you were asking yourself Just how much of a kabuki theater is what’s going on in Congress right now? – well, wonder no more. From USA Today: Top leaders on both the Senate and House Agriculture committees announced a deal on Sunday to extend the 2008 farm bill by a year, a deal that could avoid a surge in market prices for milk and | Read More »
Banning abortion the EPA way!
Thomas Sowell has an article out today about the latest incidence of mission creep from the EPA. To summarize: the EPA has wide discretion when it comes to oil spills. Milk contains oil. Therefore, the EPA has wide discretion over milk spills, too – which includes requiring ‘emergency plans’ and ‘first responders’ and ‘extra storage tanks’ from dairy farmers in order to handle such life- | Read More »