| Earmarks are not the cause of the federal deficit. |
| For fiscal year 2008, President Bush asked Congress to authorize $2.9 trillion in spending, which meant a total deficit of about $240 billion. That means that even if all earmarks {just over 11,500 projects valued at $16.5 billion} were eliminated, it would reduce the federal deficit for the year by less than seven percent.
Source: "Check Point: The First Debate" - By Julie Bosman, Jackie Calmes, Michael Luo, Larry Rohter and Matthew L. Wald - NY Times - 9/27/08 |
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