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Tuesday, January 29, 2008

And How Will You Spend Your Earmark?

The checks aren’t in the mail yet but plenty of Americans already seem to know what they would do with the rebates proposed by Congress and the White House.

Lawmakers hope the rebates will encourage consumer spending, but some have said they intend to sock their cash away into savings. Still others however, aren't shy about spending their expected earmark on things like credit card debt, home energy bills, gasoline, food, and at least one said, a HDTV. Others have argued that the economies of China, India and Saudi Arabia will benefit the most.

The Congressional economic stimulus plan estimated to cost around $150 billion, amounts to a giant pork barrel of 117 million earmarks ranging from $300 to $600 for individuals and up to $2100 for a family with three children. They want you to spend it on anything you like…as long as you spend it. They don’t want you to save the money. So much for fiscal conservatism.Fiscal PhoniesFor some reason I always thought "waste" was synonymous with "pork." Stupid me.

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