Posted on 06/30/2009 10:00:10 AM PDT by AJatTheDCWriteUp
During the third and final presidential debate of the 2008 campaign, candidate Obama said, Earmarks account for 0.5 percent of the total federal budget. Earmark reform alone would not result in a significant decrease in federal spending, he noted. The President may be right, but using this statistic to refrain from seriously addressing the issue of pork barrel spending is simply dishonest.
Pork barrel spending is nothing more than institutionalized corruption and the fact that the practice still exists is a serious blight on our democratic system. Earmarks funnel money into Members districts, helping them win reelection bids by ostensibly proving to their constituents that they are doing their job. Critics call this buying votes. Digging into the actual process, however, reveals conduct by our government officials far more insidious than showering federal money on voters.
(Excerpt) Read more at thedcwriteup.com ...
The fact remains....Millions of people lost billions of their savings in the past few months!!
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