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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCongressional Magats Want Money For Farmers But Not For Obamacare & Medicaid
Farmers, especially soybean farmers, have no markets for their crops, China is buying from other countries because of Krasnov's tariffs. Also, because of the tariffs it is costing farmers more money to grow the crops, they are more expensive.
In Krasnov's 1st term he spent 28 billion dollars bailing out farmers and he has stated he wants to do it again, one problem, the money comes from the Commodity Credit Corporation Fund, and that fund only has 4 billion dollars in it. Congressional Magats to the rescue, they are stating that they want to spend 35 to 50 billion dollars to bail out farmers and that will require legislation. (at least it should)
By the way, Krasnov just gave away billions of dollars to Argentina to prop up its economy to get an autocrat elected president.
A few billion here a few billion there for rich people is no problem for Magats but helping millions of Americans with healthcare is a bridge too far, too expensive for the deficit. Democrats are asking for 622 billion dollars for Obamacare and Medicaid and Magats say, Sorry Charlie.
Congressional Magats want to meet to "negotiate" for 50 billion dollars for farmers, but don't want to meet to negotiate for healthcare for millions of Americans.

Lovie777
(20,578 posts)Republicans don't want bail out money for farmers either.
gab13by13
(29,950 posts)OK, Congressional Magats may not have to bail out farmers through the Commodity Credit Corporation Fund, Krasnov may take the money from his tariffs, but I don't think he is coming up with 50 billion.
gab13by13
(29,950 posts)I just read where Krasnov and Bessent are promising aid is coming to farmers on Tuesday, tomorrow. My guess is that Krasnov will take the tariff money and gift it to Big Farma, the money won't come from the Farm Aid package.
Looks to me like Krasnov certainly controls the purse strings, I guess he can just gift himself a couple trillion?
Krasnov, the welfare president, the communist president for the rich, even buying 10% ownership of Intel and telling WalMart what it should charge for its products.
sop
(16,320 posts)gab13by13
(29,950 posts)but Krasnov is promising money for all farmers.