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originally posted by: neo96
President Obama signs $8.7 billion food stamp cut into law
So Jpm Morgan, and the Walmart, and other retailers, and banks don't make as much off me.
And less GMO food will be eaten?
The problem is where ?
Glass half full people!
The Senate passed on Thursday a farm bill that took two years to complete. Most of the discussion around the bill—and the reason for the delay—concerns the level of cuts to food stamps, which wound up at $8.7 billion over 10 years (about 1 percent of the overall program). But while the parties argued about how much food to take away from poor people, it’s just as revealing to look at the area where they both agreed. Democrats and Republicans alike have pointed to the repeal of $4.5 billion in annual direct cash payments, a long disfavored policy where farmers received a fixed amount of money for every acre they owned, regardless of whether it was planted. The Senate will “end outdated and unnecessary subsidies,” said lead Democratic negotiator Debbie Stabenow on Monday. Her Republican counterpart, House Agriculture Committee chair Frank Lucas, once supported direct payments, but highlighted their repeal upon House passage of the bill. “Don’t underestimate the magnitude of the reforms,” he said last week.
But don’t be fooled: The politicians patting themselves on the back for repealing subsidies to farmers have found a surreptitious way to deposit these savings right back in the pocket of agribusiness. That’s because the farm bill will expand subsidies for crop insurance, which looks like a private-sector program but which actually hands over virtually the same amount of taxpayer money to farmers, mostly wealthy ones, as the old direct payment program. What’s more, the shift from direct payments to crop insurance ensures that those handouts can be distributed in a hidden, more politically palatable way, making it more difficult to ever dislodge them.
originally posted by: Aliensun
a reply to: Shiloh7
A virtually instant job creation bill would be to write a specific law to send all of the illegals home pronto.
Yep. Those would be low-paying jobs, but the illegals seem to survive with them and even send money back home.
originally posted by: jrod
Because the gov't started out as a confederacy between 13 rebellious colonies in a time when messengers on horseback broke breaking news from town to town.
originally posted by: jrod
This bill takes away from the poorest and gives it back to extremely wealthy big agriculture industry that has conspired to make laws that enabled them to essentially steal farms from the family farmer, who the Farm Aid bill were originally passed to protect.
Why are we paying multi-billion dollar corporations a fortune to NOT grow food?
originally posted by: macman
a reply to: jacobe001
I say a sliding fine for employment of illegals. No need to tax a company higher or anything else.
$100k for the first offense of knowingly and willfully hiring of an illegal. $500k for the second and then it doubles for every offense afterwards.
originally posted by: macman
a reply to: jacobe001
The Govt is the one creating and enforcing the laws.
Not bankers.....
originally posted by: macman
a reply to: jacobe001
As the fines increase, the apexing of profit versus overhead will sink the company.
Then that evil rich person will not have a machine for a profit.
The workers will have to find a new job, but life is not a static event, with no bad things happening.
originally posted by: macman
a reply to: jacobe001
What risk exactly is the working taking again???
The worker goes to work, works, gets paid for work and leaves.
AS for a golden parachute....this really amounts to jealously and envy.
If you don't like it, don't work for said company....or purchase their products.
If I built up a company, I too would work into a safety net in the event it failed. I built the company.