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**Matt W** · Feb 2, 2006, 05:21 am

http://news.bbc.co.uk/1/hi/world/americas/4672786.stm

Quote:

The US Congress has approved the scrapping of major subsidies to the cotton industry, in a move that could help producers in the developing world.
The administration agreed in December to implement a World Trade Organisation (WTO) ruling against the subsidies, but it needed congressional authorisation.

Brazil, which brought the case, said government help for American cotton farmers distorted the global market.

The subsidies included incentives to buy cotton from domestic farmers.

SteveA · Feb 2, 2006, 06:07 am

Sounds good to me. If people want to subsidize cotton production in the U.S. they can donate to a charity or buy "Made in U.S.A" products.

brien · Feb 2, 2006, 01:06 pm

Quote:

Quote by: Matt W

http://news.bbc.co.uk/1/hi/world/americas/4672786.stm

Now, on to the Farm subsidies and milk price supports.

tman_ndsu08 · Feb 2, 2006, 03:10 pm

Quote:

Quote by: brien

Now, on to the Farm subsidies and milk price supports.

Hopefully.

Apeman81 · Feb 2, 2006, 03:35 pm

Quote:

Quote by: Matt W

http://news.bbc.co.uk/1/hi/world/americas/4672786.stm

The important question is what will they do with the mona now that they are not spending on cotton.

brien · Feb 2, 2006, 04:03 pm

Quote:

Quote by: Apeman81

The important question is what will they do with the mona now that they are not spending on cotton.

Reduce taxes.

bishop · Feb 2, 2006, 04:18 pm

actually, you mean borrow more money, not reduce taxes.. all of these "tax cuts" have been funded by borrowing - no different than extending your line of credit then maxing the credit card out.

the money should go towards paying down the debt. and maybe when we actually get a balanced budget (the miracle that that would be), then we can talk about cutting taxes accompanied by spending cuts.

brien · Feb 2, 2006, 04:36 pm

Quote:

Quote by: bishop

actually, you mean borrow more money, not reduce taxes.. all of these "tax cuts" have been funded by borrowing - no different than extending your line of credit then maxing the credit card out.

the money should go towards paying down the debt. and maybe when we actually get a balanced budget (the miracle that that would be), then we can talk about cutting taxes accompanied by spending cuts.

Bish: You are correct. Thanks for the clarification......

Feb 2, 2006, 06:07 am	#2 (permalink) (top)
SteveA Anarcho-capitalist Posts: 1,972	Sounds good to me. If people want to subsidize cotton production in the U.S. they can donate to a charity or buy "Made in U.S.A" products. Freedom - are you man enough to handle it? If so, join us in New Hampshire! The Free State Project ("Liberty in our lifetime!") www.freestateproject.com

Feb 2, 2006, 04:18 pm	#7 (permalink) (top)
bishop moderat-e/o-r Location: boston Posts: 11,184	actually, you mean borrow more money, not reduce taxes.. all of these "tax cuts" have been funded by borrowing - no different than extending your line of credit then maxing the credit card out. the money should go towards paying down the debt. and maybe when we actually get a balanced budget (the miracle that that would be), then we can talk about cutting taxes accompanied by spending cuts. hope for america... http://www.ronpaul2008.com/