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Question

Which two current federal programs have been consistently funded since the era of The New Deal?

A
Farm subsidies and government-insured mortgages.
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B
Farm subsidies and medical care for Americans over 65 years of age
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C
The interstate highway system and medical care for Americans over 65 years of age.
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D
Government-insured mortgages and financial aid for those college-bound.
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E
Job programs for the unemployed and old-age pensions.
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Solution

The correct option is A Farm subsidies and government-insured mortgages.

Farm subsidies are a controversial topic in many circles. The essence of a farm subsidy is giving tax dollars to farmers to help supplement their incomes, pay for equipment, and other farm costs. Crops that are on the farm subsidies list include: corn, soybeans, cotton, sugar, milk, and many more. In all, there are over two dozen crops that the United States government provides subsidies for. Each year under the farm bill, they spend over $16 billion to subsidize farms. Many people do not understand the basics behind farm subsidies. Here is a little information to consider on the topic.

The Government National Mortgage Association (GNMA), or Ginnie Mae, was established in the United States in 1968 to promote home ownership. As a wholly owned government corporation within the Department of Housing and Urban Development (HUD), Ginnie Mae’s mission is to expand affordable housing finance in America by linking domestic and global capital to the nation's housing finance markets, providing market liquidity to federally sponsored mortgage lending programs.


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