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.