Article • Dean Baker’s Beat the Press
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The NYT had an article on a coming dispute over EU farm subsidies in its next budget. It told readers:
“Agriculture subsidies account for more than 40 percent of the E.U. budget — worth more than €130 billion, or $167 billion, each year.”
Readers probably assumed that this sentence was saying that the E.U.’s agricultural subsides are 130 billion euros each year. In fact, that number was referring to the total E.U. budget. Agricultural subsidies come to a bit over 50 billion euros each year.