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countercyclical |
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| THE PROPOSAL: * Deny direct payments, countercyclical payments (CCPs) and marketing loan benefits to those with $200,000, or more, in adjusted gross income (AGI)--wages and other income minus farm expenses and depreciation. amp;ldquo;When you combine the gaps in insurance with Countercyclical Payments and Marketing Loan Gains that are triggered by price, you have a safety net that has holes. As we have seen, the Stability and Growth Pact fails on both counts to be a viable rule: the unlikely benefits of expansionary consolidation in the eurozone context are not credible while the very real benefits for large, less open, eurozone members to use countercyclical policy to offset the loss of monetary autonomy are. |
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