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	<title>Payday Loan and Cash Advance Financial News Blog &#187; veto</title>
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	<link>http://personalmoneystore.com/moneyblog</link>
	<description>Money Blog News &#38; Finance Education</description>
	<lastBuildDate>Sat, 20 Mar 2010 16:00:31 +0000</lastBuildDate>
	
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		<title>Obama Will Sign Spending Bill, Fight Pork Later</title>
		<link>http://personalmoneystore.com/moneyblog/2009/03/11/obama-spending-bill-pork/</link>
		<comments>http://personalmoneystore.com/moneyblog/2009/03/11/obama-spending-bill-pork/#comments</comments>
		<pubDate>Wed, 11 Mar 2009 16:57:45 +0000</pubDate>
		<dc:creator>Steven Tarlow</dc:creator>
				<category><![CDATA[Law and Order/Legislation]]></category>
		<category><![CDATA[Nation]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Cash Advance]]></category>
		<category><![CDATA[earmarks]]></category>
		<category><![CDATA[personal loan]]></category>
		<category><![CDATA[pork]]></category>
		<category><![CDATA[President Obama]]></category>
		<category><![CDATA[spending bill]]></category>
		<category><![CDATA[Steny Hoyer]]></category>
		<category><![CDATA[taxpayers]]></category>
		<category><![CDATA[veto]]></category>

		<guid isPermaLink="false">http://personalmoneystore.com/moneyblog/?p=23120</guid>
		<description><![CDATA[Hacking off their earmarks
Ed Henry reports for CNN that President Obama is discussing guidelines which will help eliminate the parade of political &#8220;pet project&#8221; earmarks that are being inserted into pending legislation. To give you some idea of what a problem this is for America&#8217;s government, the recent spending bill went through the Senate with [...]]]></description>
			<content:encoded><![CDATA[<h2>Hacking off their earmarks</h2>
<p><img class="alignright" src="http://i5.photobucket.com/albums/y164/wteach/surrender/SM-Pork.jpg" alt="" width="194" height="191"  style="display:block;float:right;border:none;"/>Ed Henry <a href="http://www.cnn.com/2009/POLITICS/03/11/obama.earmarks/?iref=mpstoryview"  title="reports" rel="external">reports</a> for CNN that <strong>President Obama</strong> is discussing guidelines which will help eliminate the parade of political &#8220;pet project&#8221; <strong>earmarks</strong> that are being inserted into pending legislation. To give you some idea of what a problem this is for America&#8217;s government, the recent spending bill went through the Senate with almost 9,000 unrelated earmarks tacked on. The money to pay for these gravy boats would come mostly from elected officials&#8217; own pets: their constituents, the <strong>taxpayers</strong>!</p>
<p>Some lawmakers have urged Obama to veto the $410 billion <strong>spending bill</strong> because it is riddled with so many wasteful <em><strong>personal loan</strong></em> earmarks.</p>
<h3>Next time, new rules</h3>
<p>The White House has intimated that President Obama will sign the current spending bill. Much of it is a holdover from the previous administration and it needs to be into effect to help America&#8217;s economy right away, so the option to start again without the earmarks is unfeasible. However, he will lay out separate plans to attack earmarks in future bills. The president is committed to letting lawmakers know that there are going to be &#8220;new rules of the road.&#8221;</p>
<p>Numerous top Democrats, including House Majority Leader <strong>Steny Hoyer</strong>, aren&#8217;t supportive of the president&#8217;s earmark assault. He feels that earmarks are a &#8220;congressional prerogative.&#8221; Recently, he told reporters this point blank: &#8220;I don&#8217;t think the White House has the ability to tell us what to do.&#8221;</p>
<h3>Pork is pork, say Republicans</h3>
<p>&#8220;[Such bills] will not happen when the president has the full legislative and appropriations process in place,&#8221; said Peter Orszag, director of the White House Office of Management and Budget.</p>
<p>Not everyone is pleased with President Obama&#8217;s decision to move forward with the current <strong>pork</strong>-laden spending bill, even though it gives many lawmakers with pet projects their own <em><strong>cash advance</strong></em> loans. House Minority Whip Republican Eric Cantor said that &#8220;If you make a promise, people expect that you live up to it. And that&#8217;s why this administration&#8217;s refusal to go in and change this bill, I think, is a false position.&#8221;</p>
<p>Republican House Minority Leader John Boehner said that Obama can&#8217;t write the bill off as &#8220;last year&#8217;s business&#8221; now:  &#8220;I&#8217;ve asked the president to <strong>veto</strong> this bill.&#8221;</p>
<p><strong>Related Videos:</strong></p>
<p><a href="http://www.youtube.com/watch?v=DY_MMGIplHM" rel="external"><img style="border: 0pt none; margin: 2px; cursor: pointer;" title="pork barrell" onclick="show_video('DY_MMGIplHM', 'Porkie', 'Porkie', '104939','4.44');" src="http://img.youtube.com/vi/DY_MMGIplHM/default.jpg" border="0" alt="" hspace="2" vspace="2" width="130" height="97"  style="display:block;float:right;border:none;"/></a> <a href="http://www.youtube.com/watch?v=JEfICUoWKBw" rel="external"><img style="border: 0pt none; margin: 2px; cursor: pointer;" title="Schumer: The American People Don't Care About Pork Projects In Stimulus" onclick="show_video('JEfICUoWKBw', 'Schumer: The American People Don´t Care About Pork Projects In Stimulus', 'Schumer: The American People Don´t Care About Pork Projects In Stimulus', '255849','5.00');" src="http://img.youtube.com/vi/JEfICUoWKBw/default.jpg" border="0" alt="" hspace="2" vspace="2" width="130" height="97"  style="display:block;float:right;border:none;"/></a> <a href="http://www.youtube.com/watch?v=liua7FZf7n4" rel="external"><img style="border: 0pt none; margin: 2px; cursor: pointer;" title="Obamatron completely destroys economy with useless spending bill 2009-2010" onclick="show_video('liua7FZf7n4', 'Obamatron completely destroys economy with useless spending bill 2009-2010', 'Obamatron completely destroys economy with useless spending bill 2009-2010', '2027','4.48');" src="http://img.youtube.com/vi/liua7FZf7n4/default.jpg" border="0" alt="" hspace="2" vspace="2" width="130" height="97"  style="display:block;float:right;border:none;"/></a></p>
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