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December 24, 2007

Comments

First off, Merry Christmas to you, your family and readers !


Since the House and the Senate have to resolve their differences (and then face a Bush veto?), the “old” WIC funding rates are in effect. In my opinion, the Republicans have been dragging this out (I have previously praised Norm for his leadership on this issue), so that they don’t have to run up the debt any more than they currently are.

The good provision in the new bill is that food stamps will be indexed for inflation – as the benefits have been badly eroded during the Farm Security Act of 2002. The bad news is in the Senate bill (Thanks Norm). The House bill would make these provisions permanent law. Under the Senate bill, all the major benefit improvements would end after 2012, and policies would return to current law. That is fiscally irresponsible. Do we think that there won’t be people that will need these benefits? I suppose that the argument could be made that it may have to be improved … but that’s a Christmas present that I wouldn’t bank on.

Why is that the Republicans want to make the Bush tax cuts permanent but not the nutrition programs ?
I suspect that the reason relates to projecting budgets in the future … if the expenditures fall off in 2012, then the argument could be made that the government will not need to collect taxes to support the program.

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