Other Republicans complain that now we will face the so-called milk cliff. Pursuant to a silly 1949 act of Congress, every time we fail to renew expiring farm programs, the government must begin imposing Soviet-style price controls on milk by decreasing supplies through massive purchases of milk, butter, cheese, and other dairy products. Under permanent law, the USDA would begin purchasing dairy products at a rate of $38.54 per hundredweight, more than double the current price ($18 per hundredweight). This market manipulation could double the price of milk, dairy products, and everything else up the food chain.
But instead of avoiding the deleterious effects of the Agriculture Act of 1949 by growing government, why don’t we just repeal the dang law?
The American people elected a Republican House to provide a bold contrast to the Obama-Pelosi agenda, not to work behind the scenes to help grow government with their support.(Read More)