Starting two wars and simultaneously cutting taxes for the wealthy are at the heart of the deficit but who mentions this bedsides maybe Keith or Rachel?
The Earmark SideshowBy Joe Conason
It isn’t the earmarks, stupid.
Bullying Republican Senate leaders into a “voluntary” ban on earmarks may represent a political triumph for the tea party movement, but
as a measure to reduce the federal deficit it is a meaningless substitute for real action. The facts about earmarks—and the deficit, for that matter—are so simple that even the dumbest birther should be able to understand.
Funds directed to specific projects by legislators—which is what earmarks are—account for around 1 percent of any annual budget, so they represent far too little money to substantially reduce the budget. Besides,
banning earmarks won’t reduce the budget (or the deficit) anyway, because they are drawn from funds that have already been appropriated.
So much for that sideshow, a cynical exercise whose only conceivable purpose is to deceive voters. How would serious people try to reduce the deficit? First, it is essential to understand how and why the deficit grew in the first place.
It isn’t the stimulus, stupid. And it isn’t the bailouts either.
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http://www.truthdig.com/report/item/the_earmark_sideshow_20101117/