Last month, when the conservative Republican Study Committee released its plan for $2.5 trillion in budget cuts over the next ten years, one enormous item of wasteful government spending was conspicuously missing — farm subsidies.
We are also seeing the usual quadrennial pilgrimage of supposedly fiscally conservative Republican presidential candidates to Iowa, where they swear eternal fealty to farm subsidies generally, but, even worse, to ethanol subsidies in particular. Perhaps the most revolting example of this spectacle was former House speaker Newt Gingrich's claim that opposition to ethanol subsidies and mandates stems from "big city" folks who just don't like farmers. But Gingrich is hardly alone.
The level of hypocrisy is breathtaking. For example, conservatives rightly denounced government subsidies to business when the auto industry was at issue. Why, then, are subsidies a good idea when directed to, say, Archer Daniels Midland?
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Filed by Grant Davies,Regular Columnist, THL
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