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Many casualties if no 'cliff' deal

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Technically, the farm bill stalled in Congress is not part of the fiscal cliff negotiations, but it probably ought to be. The reason is that farmers in dairy states like New York may end up going off a cliff if nothing is done and a 1940s-vintage price-support system is restored. As Steve Williams’ Dec. 8 column pointed out, that would force up the price of milk (and other dairy products, including the stunningly popular Greek ...

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comments

manjoe
December 16, 2012
8:38 a.m.

[ Flag Post ]

The devil is in the details. A bad cliff deal would be worse than no deal at all. It all depends on how they balance the needs of the present with the needs of the future. If we put off reforming entitlements, the problem will just be harder to solve down the road. If we put off reducing our national debt today, it will hurt more tomorrow. So no deal is better than a bad deal that doesn't address future needs.

albright1
December 17, 2012
7:07 p.m.

[ Flag Post ]

well stated Manjoe. Another important point that is either not understood or ignored by the Gazette editorial writers is that the sequestration "cuts" are actually only reductions in the rate of growth of spending. Nothing is being cut, only the rate of increase is being slowed.

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