Harvesting Cash: Obama Wants to End Some Farm Subsidies. How About Ending All Farm Subsidies?
CHICAGO (Reuters) - President-elect Barack Obama vowed on Tuesday to cut billions of dollars from wasteful government programs as he sought to reassure Americans anxious about a growing mountain of debt and a faltering economy
"We cannot sustain a system that bleeds billions of taxpayer dollars on programs that have outlived their usefulness or exist solely because of the power of a politician, lobbyist or interest group," Obama said. An obvious example, Obama said, were reports of crop subsidies to farmers who make more than $2.5 million per year.
MP: That's a good start Mr. Obama, but what about ending subsidies for farmers who make more than $0 per year?