A Miracle Happened Last Week in Washington: Congress Failed to Mulct the Citizenry | Cato Institute

A Miracle Happened Last Week in Washington: Congress Failed to Mulct the Citizenry | Cato Institute: "because the Congressional Budget Office said existing law would cost $973 billion over the next ten years, House Republicans claimed to be “saving” $33 billion even while spending $300 billion more."

"Consumers pay two to four times the world price for sugar, for instance. In contrast, most direct subsidies encourage increased production, which places downward pressure on prices—triggering even more subsidies. Conservation payments paradoxically encourage farmers to bring marginal land into production."