Nov/16
2010

Earmarks? Oh shut up..

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
2) Education
3) Federal Prisons

Gee.. where do we start?

3 comments
Comment from: u235 [Member] Email
Missed one: Military
11/16/10 @ 12:08
Comment from: bman [Member] Email
Yea but Military spending is only 20%. I say we start with the above list and work our way backwards.
11/16/10 @ 13:42
Comment from: Roulette [Member] Email
Suppose that depends on how you break it down. Either way, you're right. earmarks are BS petty cash. The real savings are in the big areas, which are also the areas no one can seem to sack up and actually fix.

http://upload.wikimedia.org/wikipedia/en/c/ce/Fy2010_spending_by_category.jpg

Dunno how accurate that is. It's wiki, take it for what it's worth.

11/16/10 @ 17:41