Whackjob Welfare

[marmar]

(Bloomberg) Representative Michele Bachmann of Minnesota, a critic of federal spending, received between $5,000 and $15,000 in income last year from a family farm that has received more than $250,000 in federal subsidies.

Bachmann, winner of the Aug. 13 Iowa Straw Poll for Republican presidential contenders, reported in her House financial-disclosure form that her interest in the farm was valued at between $500,000 and $1 million in 2010; a year earlier, she assigned the value of Bachmann Farm Family LP at between $100,000 and $250,000. Lawmakers can list income and assets in broad ranges.

The farm in Independence, Wisconsin, received $259,332 in federal subsidies from 1995 to 2008, according to U.S. government data compiled by the Environmental Working Group, a Washington-based research and advocacy organization focusing on public health and environmental issues. The farm received no federal subsidies in 2009 or 2010, said Sara Sciammacco, a spokeswoman for the organization.

Bachmann said in an April interview that the farm belongs to her in-laws and that her husband administers it for his mother and brothers. She also said the farm is rented out. ............(more)

The complete piece is at: http://www.bloomberg.com/news/2011-08-16/bachmann-has-income-from-subsidized-farm.html

[Oceansaway]

1. k & r..nt