OPINION
August 10, 2011
The U.S. and its debt Re "Stocks plunge worldwide," Aug. 9 President Obama may insist that Standard & Poor's was wrong in its credit risk assessment and that the U.S. is still an AAA country. Yet House Speaker John Boehner (R-Ohio) remarked that that the S&P downgrade is the "the latest consequence of out-of-control spending that has taken place in Washington for decades. " Even China has communicated that "the U.S. government has to come to terms with the painful fact that the good old days when it could just borrow its way out of messes of its own making are finally gone.
NATIONAL
June 27, 2011 | By Richard A. Serrano, Washington Bureau
Rep. Michele Bachmann deflected allegations Sunday that she and her immediate family had benefited from government assistance despite her demands to cut the federal budget, saying hundreds of thousands of dollars for her family farm and a counseling clinic went to employees and her in-laws. "My husband and I did not get the money," the Minnesota Republican said on Sunday news shows one day before officially opening her presidential campaign in Waterloo, Iowa — her birthplace. The Los Angeles Times reported Sunday that Bachmann, a "tea party" favorite, had benefited from government funds and federal farm subsidies.
NATIONAL
June 26, 2011 | Melanie Mason and Matea Gold, Los Angeles Times Staff Writer
Rep. Michele Bachmann has been propelled into the 2012 presidential contest in part by her insistent calls to reduce federal spending, a pitch in tune with the big-government antipathy gripping many conservatives. But theMinnesota Republican and her family have benefited personally from government aid, an examination of her record and finances shows. A counseling clinic run by her husband has received nearly $30,000 from the state ofMinnesota in the last five years, money that in part came from the federal government.
BUSINESS
February 14, 2011 | By P.J. Huffstutter, Los Angeles Times
President Obama's 2012 budget plan calls for the elimination of more than $5 billion in public support for agricultural programs, including subsidies to the wealthiest U.S. farmers. On Monday, Obama signaled that his administration wants to shift federal dollars away from farm programs, setting up a battle between the White House and legislators from agricultural states. It will also test the political will of some Republican and "tea party" lawmakers from rural districts who have vowed to trim federal spending.
WORLD
March 7, 2010 | By Tracy Wilkinson
When Mexico and the United States were entering a landmark free trade agreement 16 years ago, one thing was clear: Mexican farmers would initially find it difficult to compete with heavily subsidized U.S. agricultural products. The solution: Mexico created a special fund to dole out cash to the poorest and smallest farmers. Somewhere along the way, something went wrong. Today, the fund -- far from helping the neediest -- is providing large financial subsidies to the families of notorious drug traffickers and several senior government officials, including the agriculture minister.
NATIONAL
February 27, 2009 | Mike Dorning
A proposal to cut government subsidies to large farms puts President Obama at odds with some of the most powerful interests within the farm lobby, which fought off President George W. Bush's similar efforts even when Republicans controlled Congress. Last year Congress defeated a plan to limit annual farm subsidy payments to $250,000 -- a plan closely resembling Obama's. Obama also calls for eliminating one type of subsidy to farms with sales of more than $500,000 a year.