Tuesday, May 20, 2008

Farming for riches: Looting the Taxpayers for Fun and Profit

Senator John McCain reports on the new Farm Bill:
Congress should be ashamed of this mockery of its promise to rein in waste and earmarks. Buried within its hundreds of pages is $93 million in tax breaks for race horses, a $4 billion trust fund for disaster payments on top of subsidized crop insurance that is supposed to take care of such "disasters," and the list goes on. If that wasn't enough, this bill would send $250 million of taxpayers' money to Plum Creek Timber Co. in Montana. Plum Creek, according to its Web site, "is the largest and most geographically diverse private land owner in the nation" and paid a healthy dividend to shareholders last quarter.
Theft through majority voting.