Eliminating 100 Percent of Earmarks Cuts Federal Spending Less Than 0.5 Percent

Liberty Alerts, CNSNews.com

Whether you use the Office of Management and Budget’s earmark numbers or Citizens Against Government Waste’s earmark numbers, eliminating 100 percent of earmarks in fiscal 2010 would have cut the federal budget by less than one-half of one percent.

Eliminating all earmarks in fiscal 2010 also would have hardly made a dent in the federal deficit, reducing it by only about a percentage point, according to the earmark calculations made by both OMB and CAGW. In fiscal year 2010, according to the U.S. Treasury, the federal government spent $3.46 trillion while running a deficit of $1.29 trillion. Meanwhile, CAGW says earmarks accounted for $16.5 billion in federal spending, and OMB says they accounted for $11.1 billion.

Continue at CNSNews.com >>>

Used with the permission of CNSNews.com

Editor’s Note: This is a point I’ve been making for some time, conservatives making a big wave about getting rid of earmarks are not principled conservatives. Earmarks, according to Congressman Ron Paul, the one way that congress is able to impose on the Federal government some level of accountability over what its spends. All the rest, that is 99.95 percent of the budget, has nearly no control at all. Paul would that everything was earmarked. I believe he is right. That would be transparency; that would unveil the real record of waste, corruption, socialism, and scandal. Steve Farrell


Please enter your comment!
Please enter your name here