USA: fisheries subsidies and budget crisis

Readers are certainly aware of the budget crisis that a number of countries, including the U.S.,  are currently experiencing.

Subsidies to fisheries can take the shape of budget hand outs (do not forget that they can also be provided as tax rebates, or forgone government revenue as dubbed in WTO jargon). I found an article in the online edition of the Sun Sentinel  discussing the issue of fisheries subsidies in the context of the U.S. budget crisis.

Here is the link to the article:

http://articles.sun-sentinel.com/2011-08-07/news/fl-nncol-budget-fisheries-nikpour-08020110807_1_catch-shares-fisheries-fishing-industry