Thursday, January 3, 2008

Your Government Is Spending $555 Billion It Doesn't Have


President Bush signed a bill last week authorizing over $555 billion in government spending. “Congress dropped into the bill nearly 9,800 earmarks,” grumbled the president during the press conference announcing the bill, “that total more than $10 billion. These projects are not funded through a merit-based process and provide a vehicle for wasteful government spending.”
Uh… we agree with his assessment. But coming from the biggest spender in the history of the presidency, who assessed blame to Congress, and then signed the bill anyway, the statement rings a little hollow. The money will be spread all over executive branch agencies… and the trade-offs for those earmarks will add an additional $70 billion to the war chest for Iraq and Afghanistan.

No comments: