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Politics : Formerly About Advanced Micro Devices

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To: James Seagrove who wrote (1076941)	7/6/2018 12:19:03 PM
From: Brumar89	Read Replies (2) of 1577883

This is $30 billion dollars of your tax dollars being wasted by @realDonaldTrump tariffs. $30 billion dollars As farmers face retaliatory tariffs, the Trump administration considers borrowing from the Treasury to buy unsold crops. As Trade War Begins, Feds Eye $30 Billion Bailout Fund For Farmers Facing Losses ........... Agriculture Secretary Sonny Perdue said last month at a Chicago convention that the Commodity Credit Corporation is a “tool” he’s considering to comply with Trump’s instructions to “craft a strategy to support our farmers against retaliatory tariffs. The program, which was started to help farmers during the Great Depression, allows the Agriculture Department to borrow as much as $30 billion from the U.S. Treasury that could be used to buy crops from farmers that would go unsold in a trade war. It’s a whole lot easier not to wreck the car in the first place than it is to think about what a repair might look like.American Soybean Association ................As for using CCC money, Glauber added: “I just don’t like the idea of the government coming up with some balm to spread over wounds that are self-inflicted. It seems to be a huge moral hazard problem.” Even those who support using the funds say they won’t be enough to save farmers grappling with decreasing demand triggered by retaliatory foreign tariffs. Farmer also risk losing key markets in the long term even as they’re subsidized. Farmers in Brazil are boosting soybean production to scoop up the Chinese market. ................ huffingtonpost.co.uk

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