Trump WH Provided More Funding For Farm Bailouts Than Child’s Health Insurance
The Trump administration has spent more taxpayer money to trade-related aid to farmers than it has for the entire U.S. state department, the maintenance of nuclear forces, NASA, children’s health insurance, or other agencies and programs, according to the National Foundation for American Policy.
The analysis by the National Foundation for American Policy raised questions about Trump’s strategy of waging a trade war then using taxpayer money to shield himself from the fallout.
President Trump approved large amounts of government aid to farmers through the Commodity Credit Corporation and the U.S. Department of Agriculture. His administration has authorized a total of $28 billion in aid to farmers who paid the consequences of his trade practices.
Trump made the purpose of his payments clear at an Illinois farmer show in August 2019. “I sometimes see where these horrible dishonest reporters will say that ‘oh jeez, the farmers are upset,’” he told attendees. “Well, they can’t be too upset, because I gave them $12 billion and I gave them $16 billion this year...I hope you like me even better than you did in ‘16.”
In fiscal year 2019, the Department of Defense spent an estimated $21.8 billion for “nuclear delivery systems and weapons,” including ballistic missile submarines, intercontinental ballistic missiles, and bombers.
The government spent $17.3 billion in fiscal year 2018 on children’s health insurance, a federal program.
Yet, the U.S.-China trade war, initiated by Trump, caused the Commodity Credit Corporation to come “close to its borrowing authority limit of $30 billion,” according to the Congressional Research Service.