According to the liberal leaning Washington Post, the federal government has spent more than $50 billion since 1991 in price supports to U.S. cotton producers. For the last decade, it has averaged over $3 billion per year. Because our price support program violated international free-trade agreements, championed by the U.S., we have agreed to pay Brazil $147.3 million per year.
We should discontinue this senseless program. We have a comperative advantage in wheat and soybeans. Our citizens should be encouraged to produce those goods for which a world market exists.
In addition we should not make payments to any organization that has a gross income that is more then 4 times the average income of Americans. This would eliminate the subsidies now paid to large businesses.
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