Wait Until You Hear How Many Farm Subsidies Are Going to Groups in...the City of Chicago — Including One Associated With Louis Farrakhan
A total of 930 entities in the Chicago area received farm subsidies between 2008 and 2011.
And as for the Louis Farrakhan group: Three Years Economic Savings, Inc., which is listed at his home address, received approximately $103,529 between 2008 and 2011, making it the 12th highest farm subsidy recipient in the Chicago area.
The entity's status is listed on the Illinois Secretary of State website as being "not good standing," the Open the Books reported. But the Three Years Economic Savings' website, , is still accepting donations.
The group also received a $26,357 "commodity loan" during the Bush administration "to improve & stabilize farm income, assist with a better balance between supply and demand of the commodities," the report notes.
This loan was signed on Nov., 17, 2008.
The group's estimates of farm subsidy payments are based on several data points including crop subsidies, conservation & wetland reserve subsidies, dairy & livestock subsidies, & environmental quality incentive programs.
Of all Illinois municipalities receiving federal farm subsidies, Chicago is ranked number seven, according to the report. And of all states receiving federal farm subsidies, Illinois is ranked number three.
But if you think the situation in Chicago is suspicious, keep in mind what's happening there is only a snapshot of what's going on nationwide with federal farm subsidies.
"Billions in U.S. Farm Subsidies flowed to only 10,806 Recipients — each receiving at least $250,000" between 2008 and 2011, the report notes. "Each received an (average) of $417,316."
This would seem to imply that a lot more than farming is being subsidized by the federal government.
Nothing to Do With Farming: New Report Outlines Complicated Web of Farm Subsidy Spending Include Thousands to a Louis Farrakhan Associated Group
http://www.theblaze.com/stories/2013/12/09/new-report-outlines-complicated-web-of-farm-subsidy-spending-including-thousands-to-a-louis-farrakhan-associated-group/ (http://www.theblaze.com/stories/2013/12/09/new-report-outlines-complicated-web-of-farm-subsidy-spending-including-thousands-to-a-louis-farrakhan-associated-group/)
http://www.openthebooks.com/assets/1/7/Federal_Transfer_Report-_Farm_Subsidies_The_Big_Dogs_2013.pdf (http://www.openthebooks.com/assets/1/7/Federal_Transfer_Report-_Farm_Subsidies_The_Big_Dogs_2013.pdf)
Another entitlement program masquerading under a different name. Tough to stop these things once started.
Wealth redistribution?
Quote from: The Boo Man... on January 16, 2014, 08:34:32 PM
Wealth redistribution?
More money stolen from the producers. Typical.
Libs, please move to some other country.
Quote from: The Boo Man... on January 16, 2014, 08:34:32 PM
Wealth redistribution?
Yep, at the core of every lib program that hits the people upside the head, steal from the middle class to line the pocket of the pol.
It's O.K., he's black.
Quote from: 110db on January 17, 2014, 09:25:31 AM
It's O.K., he's black.
What does that have to do with government waste and inefficiency?
Quote from: supsalemgr on January 17, 2014, 10:31:48 AM
What does that have to do with government waste and inefficiency?
Good question, what has race to do with anything, outside of using it as a wedge as the left does.