Scoring the Farm Bill
The National Review released a comparison today of actual versus CBO scored costs for the last three farm bills (2002, 2008, 2013).
The 2013 House farm bill was projected to spend $940 billion, or 60 percent, more than the previous farm bill, which passed five years ago. Also, as many have documented, the House bill itself contained no significant cost reductions. In addition, there are good reasons to believe that no matter what the price tag, the final bill will end up being much more expensive than is anticipated.
See the full article and chart here.
The International Business Times on why the failure of the House farm bill creates room for real crop insurance reform.
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