Name just one thing that America and the E.U could cut to start getting back on track financially

[Kasz216]

NolSinkler said:

Kasz216 said:
Farm subsidies.

Not only would it save us all kinds of money.

Food would become cheaper.

That's the stupidest thing I've read today.  Yes, it would save money.  No, food would become more expensive.  Have you studied economics at all??

I have.  Which is why I know it actually increases costs when it comes to farm subsidies.

For example.  The Ethanol fuel farm subisidy for corn given to farmers who set aside corn for the ethanol fuel market.   This causes about 40% of the US corn supply to be diverted to ethanol.

This causes corn prices to skyrocket... and meat prices to skyrocket because corn feed is more expensive, and anything with high fructose corn syrup to skyrocket in price.

 

Knowing the basics of something is all well and good, but won't help you a lot of the time when dealing with the real world.