The safety of Genetically Modified food in the American diet

The safety of Genetically Modified food in the American diet has been a hot topic for debate over the last few decades. Examine the following arguments for and against listed below and answer these questions in your post (and feel free to research and find your own information to add, this is by no means an exhaustive list). Make sure to cite any and all sources used in your post! 

How safe do you feel GM foods are to consume (in general)? 
Do you think the benefits outweigh the risks? Why or why not? 
What limits or changes would you put in place for this industry? (this can include bans, labeling changes, industry limitations, testing requirements, etc.) 
Bottom line: would you (and your family) eat it? 

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