Saturday, February 1, 2014

Nauseating Farm Bill Addendum I

I recently wrote on the nauseating $1 trillion farm bill which passed the House and is on its way through the Senate and the president to become law. I made some calculations on how much it will cost the average citizen, who will get nothing for it, Except more taxes and debt.
A Political Associate, apparently supporting my position, made some new calculations on the cost to the public. Here's what he had to say:

"I suspect there are roughly 70-80 million wage-earners in the USA. Or there are about that many wage-earning "family units". Maybe fewer.
http://wiki.answers.com/Q/How_many_wage_earners_are_there_in_the_US?#slide=1
But let's be optimistic.
So the cost of this trillion dollar farm bill would be roughly $12,000-$15,000 to each wage earner or one-income family unit. Or $25,000-$30,000 for a two-income family.
If the cost is covered by bond borrowing, or other federal debt, the total actual cost (when all the dust settles) to each wage earner or one-income family unit will likely be about $30,000-$50,000. Or $60,000-$100,000 for a two-income family. And that is assuming no misuse of funds or graft or impropriety or other corruption. Unlikely. And it will promote the opposite of accountability and responsibility.

There HAS to be a better free-enterprise way to handle this problem."

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