The Congressional Budget Office is charged with providing Congress budget estimates for all government policies. Sugar policy is no different, and critics often like to point to these estimates – especially in the out years – as a way to criticize sugar farmers’ safety net.
It might be a new year, but it’s the same old story.
Big Candy is complaining about no-cost sugar policy causing them financial hardship while they are simultaneously (albeit quietly) celebrating financial success. Consider these headlines from just the past couple of weeks:
U.S. Senator John Hoeven (R-N.D.) had some harsh words for the Organization of Petroleum Exporting Countries (OPEC) when he delivered the Republican Party’s weekly address on Jan. 9.
“Make no mistake, we are locked in a global battle to determine who will produce oil and gas in the world in the future,” he said. “Will it be OPEC? Russia? Countries like Venezuela? Or will it be us, the United States?”