WASHINGTON, Feb 22 (Reuters) - U.S. Department of Agriculture has paid out $7.7 billion so far to farmers, William Northey, Undersecretary for Farm Production and Conservation, said on Friday, in aid designed to offset the negative impact of tariff imposition.
8:36 AM - Feb 22, 2019
For all those who look at proposals from the Democrats and trot out “but we can’t afford to pay for it.” $7 Billion so far in subsidies for farmers to compensate for the impact of Trump’s Trade War.
And are we close to a deal with China? No.
Donald Trump took us into this with the statement that “trade wars are easy to win.” Can anyone cite an example of a trade war that was won? The finance professors I studied under were all very clear that no party ever wins a trade war.
This is a $7B and counting BRIBE to maintain Trump’s support in farm country; nothing more or less.
Where’s the budget offset? Where’s the outrage? But anything to help working mothers, student loan holders and we hear nothing but SOCIALISM! WE CAN’T AFFORD IT! and so on.
There are conservative deficit spenders and liberal deficit spenders but there are no fiscal conservatives today, if there ever were ones in the past.