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December 14, 2009

Obama's Vow to Eliminate Earmarking From Budgets: B+
Set to Sign Porked-Up Omnibus Spending Bill With Price Tag of $447 B+
True Cost of Bill: $1.1 Trillion

He wants to be known as the deficit-fightin' president, you know.

In March, President Obama announced he would sign a $410 billion omnibus spending bill containing, according to taxpayers’ groups, 8,570 earmarks at a cost of $7.7 billion, but he said he would push to reform the earmark system. He seemed a little embarrassed about the whole deal, refusing to sign the bill in public or even to release a photograph.

...

Today Gibbs was asked if the President was contemplating vetoing the $447 billion omnibus spending bill passed by the Senate yesterday -- which has more than 5,000 earmarks – as a way of sending a signal to Democrats to stop the earmarks and wasteful spending.

...

Gibbs said he was “led to believe” President Obama would sign the bill.

In related news, the Santa Claus is coming, and he will give all the children B+'s.

Anyone remember the days, just a short 350 days ago, when the supply of paper money was not infinite?

Crazy, huh? That old-timey economics.

All seems as quaint now as listening to serials on the radio and providing for your children.


Update: Gabe tells me the major media are faking the number -- the $447 billion (with a B+) is for discretionary spending only.

The whole bill is for $1.1 trillion when you include nondiscretionary spending, which you should.

He writes:

However, the WashTimes, AP, The Hill, and Politico noted the truer $1.1 trillion number. WaPo, NYTimes, Roll Call did not.

So sorry, I B-plussed it up.



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posted by Ace at 07:02 PM

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