Farm bill supporters boasted before its passage of an expected $8.6 billion in savings on food stamps over 10 years by tightening a loophole in the food stamp program. The cuts were related to the “heat and eat” program, which allowed participating states to give low-income households as little as $1 a year in home heating aid so they would qualify for more food stamps.
Despite the elimination of direct payments, the new farm bill is going to pay off better than the 2008 law for many growers and could be more costly to taxpayers than the Congressional Budget Office estimated, according to an analysis released Thursday that provides the first up-to-date look at the bill’s impact.
If you care how much money remains in your wallet and how much is confiscated by the federal government for costly, outdated agriculture programs, it should mean a lot.
On February 7, President Obama signed into law the $1 trillion food stamp and farm bill. Conservatives had long warned that this bill is a massive burden to taxpayers that inappropriately combines food stamp policy and farm policy, preventing either portion from being reformed.
Now the bill has moved to the Senate where a Tuesday vote is expected after Monday’s 72-22 vote for cloture. Conservatives need to stand strong against this wasteful spending bill.
Obviously you wouldn’t take that offer, but would you “compromise” and settle for $8?
It’s not very likely, especially if you knew your product could command $40.
Yet, that’s the type of “compromise” the House and Senate just made on food stamp cuts in the so-called farm-bill — but on a much larger scale.
The House wanted $40 billion in food stamp cuts. The Senate wanted $4 billion. The “compromise” they reached was an $8 billion cut.