SOCIALISM U.S.A. STYLE (GOVERNMENT SUBSIDIES)
Rich at From The Duke blog has a good take on the subsidies circus going on with the recent Farm Bill veto by President Bush.
We believe that subsidies in general are bad and produce bad outcomes for both taxpayers and consumers. Unlike Waldo we do not single out just sugar.
As Nobel laureate Milton Friedman said, ""One of the great mistakes is to judge policies and programs by their intentions rather than their results."The results of subsidies are bad.
Of course a farmer raking in millions a year is not going to turn the money away and the "politician", out of fear of losing his job, will pander to them.
See the cycle of stupidity here folks?
Read the article here
Cross Posted to Democrat=Socialist
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