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	<title>The Colorado Independent &#187; national budget</title>
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		<title>Putting earmarks into perspective</title>
		<link>http://coloradoindependent.com/7680/putting-earmarks-into-perspective</link>
		<comments>http://coloradoindependent.com/7680/putting-earmarks-into-perspective#comments</comments>
		<pubDate>Thu, 11 Sep 2008 13:40:06 +0000</pubDate>
		<dc:creator>Wendy Norris</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[Economy/Finance]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Earmarks]]></category>
		<category><![CDATA[lipstick]]></category>
		<category><![CDATA[national budget]]></category>
		<category><![CDATA[national budget deficit]]></category>
		<category><![CDATA[National debt]]></category>

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		<description><![CDATA[John Cole at <a href="http://www.balloon-juice.com/?p=11268">Balloon Juice.com</a> makes a very important point that every voter should heed. Break out the calculators, kids. ]]></description>
			<content:encoded><![CDATA[<p>John Cole at <a href="http://www.balloon-juice.com/?p=11268">Balloon-Juice.com</a> makes a very important point that every voter should heed. Break out the calculators, kids, and follow along.</p>
<p><span id="more-7680"></span></p>
<blockquote><p>The total national debt, as I write this, is $9,679,000,000,000.00 (nine and a half trillion).</p>
<p>The Budget for 2008 is close to $3,000,000,000,000.00 (three trillion).</p>
<p>Our budget deficit for this year is going to range in between $400-500,000,000,000.00 (four hundred to five hundred billion, give or take a few billion).</p>
<p>The total value of earmarks in 2008 will be approximately $18,000,000,000.00 (eighteen billion).</p>
<p>In other words, when [John] McCain talks about earmarks, he is talking about 3% of our annual budget deficit, .6% of our annual budget, and a number too small to even report when discussing our national debt. Or, put another way, he is talking about two months in Iraq, something he wants to keep going indefinitely.</p>
<p>Not only are they lying about [Sarah] Palin’s involvements with earmarks, they are just not being serious about the horrible economic problems we face. These are not serious people.</p></blockquote>
<p>Let&#8217;s take Cole&#8217;s figures one step further.</p>
<p>According to the Henry J. Kaiser Family Foundation, the &#8220;uninsured will spend <a href="http://www.kff.org/uninsured/kcmu082508pkg.cfm">$30 billion out-of-pocket for health care</a> in 2008 while receiving $56 billion in uncompensated care, three quarters of which will be from government sources.&#8221;</p>
<p>Compare $86,000,000,000, one single sliver of health care costs, against all federal earmarks. Those projects, pork barrel and important needs alike, account for less than a quarter of the annual budget burden caused by health care.</p>
<p>Lack of heath care affordability has a far greater impact on the national treasury and quality of life of everyday Americans. While the media is in a frenzy over &#8220;Bridges to Nowhere&#8221; and red meat partisan attacks, the McCain-Palin ticket have yet to focus its storied reformer talents on tackling this much more pressing concern that today <a href="http://medheadlines.com/2008/02/26/health-care-163-of-gdp-and-climbing/">accounts for 16 percent of the nation&#8217;s gross domestic product</a>.</p>
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