AgWeb - Your Spot for Futures Trading, Commodities Info, Successful Farming Tips, Ag News & More: "Comments: As was signaled in an earlier column, the most surprising development is no across-the-board cuts in direct payments -- commodity program participants clearly escaped a budget-cutting bullet. Conservation program cuts are clearly the major reduction category, especially when you consider the fact that the percentage reduction in advance direct payments still does not decrease the final direct payment [emphasis added] made to eligible producers. Groups who frequently attack farm program spending will easily focus their attention on the lack of major cuts for commodity program participants. "
So much for the Administration's proposal to change payment limitation rules that surfaced at the beginning of the year. And so much for the food stamp cut. And note the italicized words--I'm not clear how CBO costed this, but if Jim and I understand the provision, all it means is moving money from one FY to a later one. In other words, a billion or so of "savings" really isn't. Your illustrious elected representatives at work.
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