Not long ago this website ripped U.S. Sen. Marco Rubio (R-Florida) for his support of sugar subsidies. Looks like Rubio will get another chance to show whether he’s a real fiscal conservative …
According to The Wall Street Journal, the U.S. Department of Agriculture (USDA) is contemplating an $80 million purchase of 400,000 pounds of sugar as part of its efforts to “prop up tumbling U.S. sugar prices.”
This comes on top of hundreds of millions of dollars in loans made to sugar processors beginning last October – and on top of tariffs which restrict sugar imports. Oh … and according to The Journal, the USDA “wouldn’t say how many companies have received loans, or identify them.”
This is insanity …
As we’ve noted on repeated occasions in the past, agricultural subsidies are anathema to the free market, ineffective from a policy standpoint and completely unfair to the taxpayers who are forced to pay for them. They must be eliminated immediately … all of them.
Also, Republicans, Democrats and “Tea Partiers” like Rubio must all get on board with their elimination … irrespective of the special interests sweetening their campaign accounts.