Please reload


Please reload



Neck Deep in the Pork Barrel

September 17, 2018

When it comes to government spending, usually Democrats take the blame for being loose with the purse strings, while Republicans claim fiscal conservatism.


That’s not playing out right now.


With full control of the government, the GOP is the party with out-of-control spending.


Under its control, the federal budget has gone up every year. And this year, the Republican budget is about to set a record for the most earmarks in history.


What’s an “earmark,” you ask? At one time, earmarks were known as “pork barrel spending” and other such terms.


Essentially, an earmark is spending tacked on to nearly-passed legislation with the primary aim of winning the earmark author some points back home.


Many times, politicians will cast votes that are unpopular with their parties, but result in receiving more money in their districts back home. Frankly, it’s how many elections are won.


Earmarks were quite popular in Congress in the 2000’s. But they became scandalous and were banned in 2011.


Of course, they never really went away. The name simply changed.


In 2011, “earmarks” were banned. But “Congressionally-directed spending” and “carveouts” were alive and well. And wouldn’t you know it, they were just like earmarks!


This type of spending can breed corruption, is excessive, and mostly makes lobbyists rich. Many folks still remember the “bridge to nowhere” in Alaska and other examples of waste.


After two years of complete control, the “fiscally conservative” party has caused an historic jump in pork spending.


Contrary to the rhetoric, the swamp seems to be getting larger and deeper.

Share on Facebook
Share on Twitter
Please reload


Pennsylvania Office

P (610) 358-8942

F (610) 358-8943

Delaware Office

P (302) 449-0111

F (302) 449-1888


51 Woodland Drive
Glen Mills, PA  19342

291A Carter Drive
Middletown, DE 19709



Check the background of your financial professional on FINRA’s BrokerCheck.

This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice. Please consult with a professional specializing in these areas regarding the applicability of this information to your situation.

Andrew Wood, Dan Simon and Alison Slezak are Investment Advisor Representatives. Advisory services are offered through CoreCap Advisors, LLC., a Registered Investment Advisor. CoreCap Advisors, LLC and Daniel A. White & Associates, LLC are separate & unaffiliated entities. 

© 2018 Daniel A. White & Associates, LLC. All right reserved. Built by Atwood Sites.

PA OFFICE: (610) 358-8942
DE OFFICE: (302) 449-0111