Last year saw the disaster in the Gulf followed by another attempt by McCain to repeal the Jones Act (thankfully that bill died in committee and never saw the light of day). Pres. Obama placed a drilling moratorium in the GoM which we are still dealing with today.
Now these three new assaults on US Maritime:
First there is a proposed 42% cut in US food-aid:
Next, there are another TWO issues as well:
“Our industry got a shot across the bow in mid-February when the president’s proposed budget severely cut a vital program known as cargo preference and basically didn’t fund another key initiative called the Title XI Shipbuilding Loan Guarantee Program.”
How likely is it that these three parts of the budget will pass “As-is” and if so, what are the possible negative effects on the USMM?