Senate passes trillion dollar farm bill

The Senate passed a massive farm bill that will cost nearly a trillion dollars over the next 10 years, with a token $24 billion "cut" from President Obama's request. New York Times: "The Senate today voted to support 16 million American jobs, to save taxpayers billions and to implement the most significant reforms to agriculture programs in decades," said Senator Debbie Stabenow, Democrat of Michigan and chairwoman of the Senate Agriculture Committee. She was a co-author of the bill with Senator Thad Cochran of Mississippi, the ranking Republican on the committee. The Senate bill would cut $24 billion from current spending levels, including about $4.1 billion from food stamps over the next 10 years. Groups fighting hunger said the cuts in food stamps would put millions of poor families at risk. A House version of the bill would provide for food stamp cuts of $20 billion, just one major example of how far apart the two houses are in adjusting spending. In the House, the...(Read Full Post)