Spending bill is stalled in Congress

The Senate is currently debating the $410 billion spending plan. It has already passed in the House. President Obama says he will sign the budget bill even though it contains 8500 earmarks, something he campaigned against. His administration is taking the position that since the bill was negotiated before President Obama took office, they want to sign the bill and move forward. The Obama Administration says they will not accept earmarks in future bills.

Republicans are up in arms. Once again their argument against wasteful spending is getting some traction, at least with their core constituency. Some of their credibility is lost since 40% of the earmarks in the bill are from Republicans including some of their leaders. Personally, it’s a spending frenzy in Washington, DC and I hope it will stop soon. We can’t afford to keep printing money.