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Racing to depression

October 19, 2012
Jolley

To the editor,

Conservatives decry the "fiscal cliff." Liberals only seem worried about losing power.

Nobody tells the truth of why we are speeding downhill toward disaster.

It is because we pay people to produce nothing of real value.

We elect 537 people to produce nothing. They hire millions to lord over us, while regulating millions in sports, health care, education and entertainment, all producing nothing.

Speculators have created a whole virtual world, where they gamble on ether, producing nothing. And worst of all, the U.S. Department of Agriculture gives wealthy landholders conservation reserve program payments to produce nothing on millions of acres of our best annually-renewable, wealth-creating resource.

Congressmen, who created this welfare for wealthy landholders, have irreparably damaged every American's pocketbook annually since 1954.

Every dollar of new wealth harvested on our farms turns into $7, growing throughout our economy. Each dollar we fail to produce is $7 we'll never recoup.

We all pay higher taxes, food, fuel and housing prices, suffer boom and bust cycles, and are poorer for this bad policy of paying people not to produce.

Every recession we've had was preceded by a bubble in market values, usually, triggered by a dry year.

High grain prices bankrupt livestock feeders, inflating food and energy prices, squelching growth and economies collapse.

With these artificially-high land and grain prices, we are racing toward our greatest depression.

We must stop CRP, now, in this farm bill, and return to feeding a hungry world.

Larry M. Aden

Jolley

 
 

 

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