It is. Record profits in the farm sector and Congress attempts to subsidize the industry further; Pork barrel at it's worst.
President Bush vetoed the $300 billion farm bill on Wednesday, calling it a tax increase on regular Americans at a time of high food prices in the face of a near-certain override by Congress.
It was the 10th veto of Bush's presidency. But since it passed both houses of Congress with veto-proof majorities, his action will likely be overridden.
The president believes the legislation is fiscally irresponsible and gives away too much money to wealthy farmers, yet his criticism rang hollow with lawmakers from both parties who voted for increased crop subsidies, food stamps for the poor and other goodies to help their districts in an election year.
White House spokeswoman Dana Perino said lawmakers should think twice before they override Bush's veto.
Wednesday, May 21, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment