Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (217595)	2/6/2005 4:34:16 PM
From: TimF	Respond to of 1585801

Pork isn't an official line item on the budget. It is not even rigorously defined, there can be debate about whether a certain project is pork or not, but by the normal definition of pork, but using the normal definitions its a lot less then either social security or medicare, let alone the combination of both. --------- WASHINGTON (CNN) -- Federal "pork barrel" spending has reached record levels, a private watchdog group said Tuesday, totaling $18.5 billion so far this fiscal year. Citizens Against Government Waste, which will release a detailed analysis of the spending Wednesday, said the number of projects it considers to be "pork" has increased by 46 percent since last year. The group says since 1991, $119 billion has been spent on what it calls pork barrel projects. archives.cnn.com -------- $199 billion since 1991 for pork projects. Social Security and medicare together have spent more than a few trillions during that time frame. In fact social security, medicare and medicaid put together will spend around $1 trillion just in 2005. Of course it would be great to have that $199bil back, and pork is growing so its becoming more of a problem but it isn't anywhere close to entitlement spending. Tim