Now we will have the opportunity to see who the real socialists are in the US. (Hint: it's not Obama.)
President Barack Obama on Monday proposed to end a "direct payment" subsidy that gives $5 billion a year to farmers regardless of need, as part of his larger effort to reduce the federal budget deficit.
Direct payments, created in 1996 as a temporary measure, will be the largest farm subsidy this year and terminating them would be a dramatic re-shaping of the U.S. farm program.
Traditional price support programs, which are triggered by low grain prices, are idle this year because of record high crop prices.
