Wednesday, November 17, 2010

Ending Earmarks Does Little to Reduce Deficits

One of the major platforms that John McCain ran on was the elimination of earmarks to reduce the federal budget deficit. Today it is one of the major pleas coming from the Tea Party and acted upon by GOP Senate leadership. Most people will be surprised to learn that it really does little to reduce deficits. Its not a bad idea but we should not be deluded about the implication.

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