Sunday, September 14, 2008

Earmarks, continued

Here is a pie graph courtesy of Mark Thoma that shows the portion of the federal budget that earmarks constitute (it's the barely visible sliver). McCain's plan to bring the budget into balance by eliminating earmarks is simply not credible. Remember, the government is an insurance company with a side business in defense. That is where the money is and thus where any savings will have to come from.

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