tax: Q: How the Wall Street Bail Out grew to $850 Billion? A: Earmarks
- 10/03/08 08:28 PM
Q: How the Wall Street Bail Out grew to $850 Billion? A: Earmarks The housing bust has been blamed for the alleged credit crunch. But here is the list of none related issues attached to the Wall Street and Washington Bail Out that has increased this bill from $700 Billion to $850 Billion. The increase is being blamed onĀ Earmarks. But what is an Earmark? Well according to the Office of Management and Budget (OMB) Earmarks isĀ defined as, "funds provided by the Congress for projects or programs where the congressional direction (in bill or report language) circumvents Executive Branch merit-based or competitive (1 comments)