Showing posts with label trillion. Show all posts
Showing posts with label trillion. Show all posts

Tuesday, November 16, 2010

Earmarks and codpieces: Symbols matter

Earmarks
Yesterday, U.S. Senate minority leader Mitch McConnell announced his support for a two-year moratorium on earmarks, a form of appropriating money that is deeply unpopular with the Republican base, particularly those who associate themselves with the Tea Party movement.

The amount of money that goes to earmarks is large, as far as my family’s budget is concerned (about 15 or 16 billion dollars), but as a percentage of the federal budget, it’s quite small. It’s around 0.4% of the total budget and 1% or so of the discretionary budget(1).

In many ways, banning earmarks is a symbol, and if Congress can figure out how to use different tricks during the appropriations process, tracking this money could theoretically be more difficult under a no-earmarks rule than the current system, which is why I applaud the move, but with realistic expectations and a hefty dose of skepticism.

If you’re a no-earmarks person and this is your big issue, go ahead and break out the party hats, hang some streamers, and maybe have a few slices of layer cake. But don’t swallow too much champagne, and for the love of God, keep away from the mixed drinks at the bar (It may look like an open bar, but you’ll get the bill later). Considering the history that we (and by “we”, I mean the human race) have with politicians, we’ll need to stay sober and clear-headed to deal with whatever accounting/appropriations tricks they may invent the days ahead.

Codpieces
Thanks to the tireless efforts of the Transportation Security Administration(TSA), if you’ve ever wanted to be on a reality show, all you have to do is travel, and you can be the star of Who Wants To Be the Next Unpaid Nude Model?!