Political Quotes

On the recordJune 7, 2012
I want to discuss today several amendments I have to the farm bill that is now before the Senate. What might surprise many people to learn is that the overwhelming majority of funds in the farm bill are not spent on anything to do with farmers or even agriculture production. For instance, crop insurance amounts to--which is a big part of the new bill and is progress, I think--the crop insurance provisions amount to just 8 percent of what we will be spending. Horticulture is less than 1 percent. But a full 80 percent of the farm bill spending goes to the Federal food stamp program. Yet only 17 percent of the small savings that are found in this proposal comes from food stamps. Out of the $23 billion in cuts, none of which occurs next year, out of almost $1 trillion in spending over 10 years. So about $23 billion in cuts. Most of that is taken from the farm provisions, but only 20 percent of it goes to that. At the same time, food stamp spending is virtually untouched. I believe they propose $4 billion in savings after 80 percent of the cost of this bill is in the food stamp program. The other $17 billion comes out of the 20 percent-- not the food stamps. Overall, the legislation will spend $82 billion on food stamps next year--$82 billion, and an estimated $770 billion over the next 10 years.…
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Pete Sessions
Republican · Texas

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