The grand total: $956.4 billion over 10 years.
Whether the total cuts (“savings”) from the previous bill amount to $16 billion (the CBO estimate) or $23 billion (the congressional estimate) depends on how they do the calculations, but all estimates agree that the big cuts over ten years come from three areas:
- Farm programs: -$18.4 billion
- Conservation: -$6.1 billion
- SNAP: -$8 billion
ProPolitico Morning Agriculture points out that President Obama’s speech last night did not mention the farm bill. Really, it’s too awful to talk about in public.