The Biden administration is jockeying to create a climate change slush fund. It would allow the government to pour as much as $15 billion into new climate programs. Without, that is, bothering to get congressional approval of either the programs or the expenditures.
The scheme starts with the Commodity Credit Corporation. A funding mechanism for federal agricultural programs, the CCC has been around for nearly 90 years. In simple terms, it can spend up to $30 billion a year on agricultural programs. Much of this money is reserved for funding price-support programs and other initiatives authorized through farm bills. But Section 5 of the Commodity Credit Corporation Charter Act gives the agriculture secretary significant discretion to spend nondesignated money on a