Your opinions sound generally correct, but they are misdirected in this case. I’m only advocating a two-year loan guarantee program that would cost essentially nothing to administer because such a high percentage of farmers will repay their loans. These are business people who’ve been swindled out of big bucks through no fault of their own, and are having trouble operating their farms now. What I’m advocating is very similar to government loan guarantees for businesses hit hard by natural disasters such as floods and earthquakes.
If you want to save your grandchildren, we have to start cutting the massive entitlement programs that are bankrupting our country and will eventually lead to devaluation of the dollar and higher inflation. That’s where all the spending is, in the huge middle class entitlement programs (medicare, medicaid, social security, etc) that democrats adamantly refuse to scale back. That’s where you need to yell if you want to yell. Some help for farmers who’ve been swindled costs essentially nothing and could have major benefits to America. That said, the legislation does have to be written correctly so that any loan guarantees end after two years.
That sounds like the same rationale that GWB used to pass the TARP. And, will result in similar results. Isn’t that the definition of insanity?
I like farmers; I like food. They and their business losses are no more equal than me and my business losses.