This whole issue is a shiny object dangled in the eyes of the gullible to distract them from the real deficit causes...
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"These earmarks and "pork" projects are bankrupting America." You hear that a lot. Not true, though.
This year Congress spent $16.5 billion on 9,129 projects around the country, according to Citizens Against Government Waste. Which is also less than one-half of 1 percent of all federal spending.
In fact, if you could retroactively undo every single pork-barrel project Congress has passed during the past 20 years — all 110,000 of them — you would have enough money to buy down the $13.7 trillion national debt by ... 2 percent.
http://www.cagw.org /
The two wars, the Bush tax cuts and the Medicare prescription-drug program the Republicans pushed through in 2003. The Republicans controlled both houses of Congress, and pushed the Medicare drug bill through by ending a filibuster by the Democrats. Just the drug program, which was never accounted for in the budget until 2009, is adding more to the deficit than the bank bailout, the stimulus and the new health-care law combined.
http://en.wikipedia.org/wiki/Medicare_Pres... - - - - - -
"Foreign aid is bankrupting America." You hear that a lot, too. Not true, though.
Do you have any idea how little we give in foreign aid? $18 Billion total, and Israel gets $4Billion and Egypt gets $4 Billion right off the top of that. Those are Treaty obligations. So.. you're talking $10 Billion available. Lemme see... $10 Billion a year ...and most of our foreign aid is for things like drug interdiction and "aid in kind"... weapons that we build in this country, for example. The US spends 2/10 of 1% of our national income.. less than 1% of our national budget.
http://www.census.gov/compendia/statab/201... http://masbury.wordpress.com/2008/09/29/wh... /
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"Obama's spending is bankrupting America." You hear that a lot. Not true, though.
Here's a chart of the Congressional Budget Office report.... note the effects of the Wars and the Tax Cut for the rich. They just grow and grow. Obama's Recovery spending barely shows.
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If "Pork", Foreign Aid, and Obama's spending aren't bankrupting us... what is?"
$ 1 Trillion dollar a year military spending is the major cause. That's almost 60% of our budget's discretionary spending. Time to reign in military spending.