Political Quotes

“The facts are clear that the Senator believes farmers should receive lower interest rates in this particular instance in the CCC loan than commercial rates. Clearly, as a part of general equity, the committee felt otherwise. We feel as a matter of fact that the loan rates ought to be comparable for commercial activities in our country, and this was a good time to rectify that. It was a part of the budget consideration, and I hope we have not forgotten that altogether. That is not an issue that has been laid aside by the country, and it is not a question of sticking it to the farmers. The question is simply equity for farmers, equity for taxpayers, equity for all of us. I think this is an important consideration. It is a $260 million consideration, as a matter of fact. Finally, Mr. President, with regard to stability for consumers, the distinguished Senator from Iowa mentioned that because of high prices now the bins are empty. They will always be empty if prices are very high in the world. The point is, we ought not fill them up again and thus depress the prices because of this overhang. That is the principle and that is the policy. Furthermore, $100 million of savings to the taxpayers is involved in not reinstituting bad policy.”