How the “Dairy Cliff” Will Cream Consumers

http://online.wsj.com/article/SB10001424127887323530404578207621700492206.html

If the price of milk zooms up shortly after Jan. 1, the increase will come courtesy of a venal and feckless U.S. Congress.

No grocery store would hire a clerk who insisted on adding up a customer’s purchases with an ancient abacus. Yet a similarly archaic standard is about to be inflicted on the nation’s taxpayers and consumers.

Current farm programs—which consist of massive subsides, price supports and various marketing restrictions—were enacted in 2008 and expire on Dec. 31. That should be cause for rejoicing, except that the system is rigged against consumers and taxpayers.

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