The Best of the Forge
According to new analysis (sub. req’d) by economists with the University of Missouri’s Food and Agricultural Policy Research Institute, the farm bill’s new Price Loss Coverage (PLC) program and Agriculture Risk Coverage (ARC) program will cost more than the Congressional Budget Office (CBO) predicted before the farm bill became law:
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.
The beltway press is humming now that Sen. Tim Johnson (D-SD) and Sen. Michael Crapo (R-ID) 82% have completed their bipartisan bill to eliminate Fannie Mae and Freddie Mac. But just because a proposal is bipartisan doesn’t mean it is worthwhile. Such is the case with Johnson-Crapo, which gives President Obama and his big-government allies what they want: explicit government guarantees in the housing markets along with new and improved affordable housing goals.
The Creating Hope and Opportunity for Individuals and Communities through Education (CHOICE) Act (S. 1909), is currently being reviewed by the Senate Committee on Health, Education, Labor, and Pensions. Sponsored by Sen. Tim Scott (R-SC) 78%, the bill empowers parents to choose the educational paths that best suits their children’s needs.
Fred Hochberg, the very vocal leader of a little known credit export agency called the U.S. Export-Import Bank, made a stunning admission in an interview with the Philadelphia Inquirer. In the words of reporter Joe DiStefano, Hochberg explained “Big commercial jet makers like Boeing tend to arrange their own financing.”
This is big news.
Monday night, Democrat senators concerned with “climate change,” “global warming,” and “carbon pollution” shared their thoughts all night on the Senate floor, emitting more CO2 with every word.
Democrats had plenty of time to show their true colors during the nearly 15-hour event. The Senate majority leader Harry Reid showed how intolerant they truly are. They showed how oblivious they are to what is a truly pressing issue today: dealing with the burgeoning debt that is so harmful to the U.S. economy. They showed how desperate they are to convince Republicans they’re wrong to focus on energy production and job creation. They showed that they have no idea what Americans really care about: the economy and jobs.