Article: McCain's Fantasy War on Earmarks
Posted on May 23, 2008 at 6:00 AM ET
McCain told George Stephanopoulos of ABC News This Week on April 20 that he could come up with $100 billion "tomorrow" by vetoing pork-barrel spending bills.
"Here's $100 billion right here for you, George. Two years in a row, the last two years, the president of the United States has signed into law two big spending, pork barrel-laden bills with $35 billion (in earmarks). In the years before that, $65 billion. You do away with those, there's $100 billion right before you look at any agency."
Pouff! $100 billion in taxpayer money! Saved! Just like that! With a flick of the presidential veto pen!
"I can eliminate $100 billion of wasteful and earmark spending immediately--35 billion in big spending bills in the last two years, and another 65 billion that has already been made a permanent part of the budget."
--John McCain, NPR All Things Considered, April 23, 2008.
Excluding those programs McCain has promised to preserve, the draconian slashing of earmark expenditures might save around $10 billion a year. But that is still a long way from the $100 billion in savings that McCain says that he can identify "immediately."
2 comments:
Where is your source with the numbers. I have heard different numbers. Also, the way I look at it every dollar saved should be thing to congratulate.
Summary on Earmarks requested:
Mccain=$0
Obama= >$1 Billion
How will earmarks be effected during the presidency? enough said.
The point is, he's either being disingenous or stupid.
Here's the article. http://blog.washingtonpost.com/fact-checker/2008/05/mccains_fantasy_war_on_earmark.html
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