This update in earlier software has 300 new features that are said to reduce risk, slash costs by up to 50%, reduce administrative overhead by up to 80% and lower aggregatesupport costs by up to 35%.
The document calls for reductions in farm subsidies elsewhere in the developed world that are even steeper than those proposed for America: an 83% reduction in aggregatesupport levels in Japan and the EU, and a reduction in trade-distorting support of 75% (53% for Japan).
Martin, I will start with you and see if there are some strategies for boosting aggregate demand that would garner your support, knowing that you are obviously concerned about our long-term fiscal outlook.