the sequester will slice $85 billion from defense and other programs by Sept. 30, a down payment on $1.2 trillion in cuts to take effect over the next decade.
This appears done. But I have a superior idea.
The agency said it intended to require US refiners and fuel importers to use a total of 16.55 billion gallons of renewable fuel during 2013, compared to 15.2 billion gallons last year. As in previous years, the lion's share of that mandate is expected to be met with ethanol made from Midwestern corn.
Gasoline is $2.85gge
Ethanol corruption $4.00gge
So 16.55billion gallons = $19.2 billion * $1.15gge reduction in taxes and mandates are taxes.
Increased Food Costs Due to US Ethanol Policy are Eating American Family Budgets
January 9, 2013
Family of four hit with a $2000 higher food bill in 2012
WASHNGTON, D.C. – A new study released yesterday demonstrates the dramatic change in U.S. food affordability trends since the Renewable Fuel Standard (RFS) came into being in 2005. Dr. Thomas Elam, president of FarmEcon, LCC, the study’s author, shows that compared to long term trends, in 2012 the average family of four saw about a $2,000 increase in food costs, meaning that for the first time since the 1970s, food is becoming less affordable.
For the country’s food spending, the current dollar above-trend 2012 food bill was $162 billion.
Average American uses about 400 gallons of gasoline a year but of course this includes children. But we are family of four here.
So Obama has burdened every American family with $2,500 in completely avoidable expenses BEFORE straight forward TAXES like income, sales, fees. Add the 2% SS payroll Obama raised.
So $2,500 + 2% payroll taxes $1,000 = $3,500 annually.
Why for the first time in American history do we have four years of sustained declines in real living standards?
But, world food prices are expected to decline:
As a follow-up to the January 2013 Global Economics Prospects released three weeks ago, the World Bank’s Development Prospects Group has just published its Commodity Market Outlook. The report notes that following a somewhat volatile 2012, most commodity prices will ease marginally in 2013. Crude oil prices, for example, are expected to average US$102/bbl, just 3 percent lower than in 2012. Agricultural commodity prices are also forecast to decline: food by 3.2 percent, beverages by 4.7 percent, and raw materials by 2.2 percent. Metal prices, on the other hand, are expected to rise slightly but still average 14 percent lower than in 2011. Fertilizer prices are also set to decline, by 2.9 percent, while precious metal prices will increase almost 2 percent.