Earmarks. Everyone hates them but the people who obtain them. Little tidbits of legislative money wrangling to be brought home to the politicians backyard. In reality, Earmarks are only about 1/2 of 1% of the entire Federal Spending budget for the year. Hardly any cost savings there. In fact the process of drafting and enacting legislation to get rid of them will cost almost as much as keeping them for a 5 yr span.
Our elected officials claim that this will be an important first step, a symbolic message to cut spending in Washington. Haha, really? When is someone going to have the balls in DC to put forth real legislation or removing legislation that will really make an impact on the budget and our economy?
80% of the Federal Budget is contained in 3 programs:
1) Social Security
3) Federal Prisons
Gee.. where do we start?