Anti-socialist Bachmann got $250K in federal farm subsidies - On Congress: Anti-socialist Bachmann got $250K in federal farm subsidies
December 22, 2009
Liberal site Truthdig links to an Environmental Working Group analysis of federal agricultural subsidies and found that the Bachmann family farm, managed by her father-in-law until his recent death, received $251,000 in farm payments between 1995 and 2006.
Bachmann’s financial disclosure forms indicate her stake in the Wisconsin farm is worth up to $250,000. Her income from the farm has grown from $2,000 a year a few years back to as much as $50,000 for 2008.
Truthdig calls her a "Welfare Queen":
Bachmann's family farm received $251,973 in federal subsidies between 1995 and 2006. The farm had been managed by Bachmann's recently deceased father-in-law and took in roughly $20,000 in 2006 and $28,000 in 2005, with the bulk of the subsidies going to dairy and corn. Both dairy and corn are heavily subsidized — or "socialized" — businesses in America (in 2005 alone, Washington spent $4.8 billion propping up corn prices) and are subject to strict government price controls.Bachmann isn't alone in her selective socialism: EWG found that the top four districts receiving the largest ag payments are represented by conservative Republicans.
1. 3rd district of Nebraska (Rep. Adrian Smith - Republican) - $1,736,923,011 in subsidies go to 51,702 recipients.
2. 1st district of Kansas (Rep. Jerry Moran - Republican) - $1,315,979,151 in subsidies go to 75,802 recipients.
3. 4th district of Iowa (Rep. Tom Latham - Republican) - $1,288,622,912 in subsidies go to 35,696 recipients.
4. 9th district of Texas (Rep. Randy Neugebauer - Republican) - $1,227,192,312 in subsidies go to 21,290 recipients.