About 40 percent of U.S. grown corn is used for ethanol, not food or livestock feed. When the Congressional Budget Office (CBO) examined the effect of ethanol subsidies on food prices, they found that 10 percent to 15 percent of price increases could be blamed on ethanol subsidies.
Tea Partiers are against it, Newt Gingrich warns about it, Republicans scream in horror about it, and some Democrats are even against it! So, what is it? According to the […]