President Bush vetoed the pork-laden $23.2 billion water project bill yesterday. The bill was the product of compromise between the House and Senate. According to the WSJ, the House passed a $14 billion bill, and the Senate passed a $15 billion bill. Each house sought to preserve its own earmarks, so at conference they compromised, producing a $23.2 billion bill.
Speaking of earmarks, Taxpayers for Common Sense and the Sunlight Foundation have launched EarmarkWatch.org to help monitor and expose wasteful pork barrel projects.
"Former Mouseketeer Timberlake produced and sang on the first single"
You don't need to distinguish former Mouseketeer Justin Timberlake from the non-famous one. The information serves some other purpose.
What was stopping Bush from vetoing stuff like this all the way back to 2001?
I knew in 2003 when Democrats were running for Congress that they would spend even more money than Republicans and be almost certain to raise taxes (however you want to define it). The lying that they did about being fiscal conservatives was a great political move but just that.
At least the 94 Republican takeover can claim that they were watching the people's money and trying to reform Congress. This Congress didn't even try to do that. The reform bills are a joke and want little we got was all because of Republicans (FINALLY...they didn't do crap while in power) pushing the Democratic leadership in the early part of the session. Spending hasn't gone down but up. No idea if Democrats will take on a tough issue like the Republicans did in the mid-90s with welfare reform. I would actually guess they will not even touch Social Security...despite the evidence that it needs reforming and soon.
The Admiralty had demanded six ships: the economists offered four: and we finally compromised on eight.
Second, note that Krugman is using "percentage of the economy." But who cares about the percentage of the economy? Real libertarians and small-government conservatives want the government to shrink; we don't want it to grow, but slower than the economy.
Third, note that Krugman ignores so-called entitlements -- in other words, the majority of federal spending. But Bush has been a huge spender on entitlements, including creating a vast new entitlement program, the prescrlption drug program.
Fourth, although most conservatives are willing to give Bush a pass on defense spending, that counts, too. Bush has spent huge sums of dollars on Iraq.
In fact, in real (i.e. inflation-adjusted) dollars, Bush has vastly increased spending compared to his predecessor on every segment of the budget: defense, so-called entitlements, and discretionary spending.
When are you going to notice the giant pink elephant in the room with "400% INFLATION IN JUST FIVE YEARS!" stenciled (in a nice box-crate font) on its side?
Oil? Up 400% in five years.
Gold? Up 400% in five years.
Cheese? Up 400% in five years.
Oil, gold and cheese aren't one fourth as available as they used to be; no, it just takes WAY MORE DOLLARS to buy them.
Haven't you noticed that, no matter how high the stock market goes, that if you were to cash out, you'd be able to buy LESS after converting to a stable foreign currency like, I dunno, the Philippine peso?
Actually, Floyd Norris is the one who used that measure. Krugman simply pointed out the consequence of that use.
Krugman didn't "ignore" them, he specifically mentioned them: "Now, [Norris's] actually referring only to discretionary spending; entitlements spending is up."
You're being disingenuous here. Floyd Norris "used" it for an entirely different purpose. Krugman misappropriated it to use it in a way that had no bearing on the point under discussion. It's Krugman's "simple pointing out" that's the issue.
A little Gore-esque poke at the Dems?
It would be easier to admit I was wrong if I were wrong. (I guess; I've never actually experienced that before.)
I understand. I thought I was wrong once, but it turned out I wasn't.
Oil? Up 400% in five years.
Gold? Up 400% in five years.
Cheese? Up 400% in five years.
Nov 2002 Oil - 26.50 Now 96.24 NOT 400%
Nov 2002 Gold - 325 Now 808 Not 400%
Nov 2002 Vermont Cheddar - 4.50 Now 6.25 Not 400%
All's well then.