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Friday, September 26, 2008

Two Wrongs Don't Make a Right

Expect to hear a lot of this from Washington politicians in coming months. "Yeah, I've secured wasteful millions in earmarks for my district but they're nothing compared to that Wall Street bailout":
New Billions in Earmarks Approach Enactment
By Robert Pear, The New York Times

Washington — As Congress tried to cobble together a plan to spend huge sums on a financial bailout, lawmakers also moved Thursday toward final approval of an omnibus spending bill with more than 2,300 pet projects, including a $2 million study of animal hibernation.

Many lawmakers had promised to go on a diet, but their appetite for the pet projects, known as earmarks, has returned as Congress finishes its work for the year and Election Day looms less than six weeks away.

Representative John P. Murtha, Democrat of Pennsylvania, was the apparent winner in the House, with 30 items totaling $111 million, including $24.5 million for the National Drug Intelligence Center in Johnstown, his hometown.

Mr. Murtha told reporters that earmarks were just a tiny fraction of “what the administration wants to bail out those rich guys in New York.”

Other lawmakers said the earmarks were a way of tossing a few bones to Main Street, before the Treasury pours hundreds of billions of dollars onto Wall Street. (link)
Millions here. Hundreds of billions there. And soon ... we have a government and market collapse.

This is all tied together, folks. These people are undisciplined, unscrupulous scoundrels.

Washington is the problem, not the solution. These people need to be stopped if we are going to survive.