House dems ban earmarks aimed at for profit companies

[30ashopper]

WASHINGTON ? House Democratic leaders said on Wednesday that they would no longer dole out budget ?earmarks? to profit-making companies, wiping out one of the most lucrative and controversial means of awarding no-bid contracts to private firms.

The ban is the most aggressive step yet in a three-year effort in Congress to curb abuses in the awarding of earmarks, which direct that federal money be spent in a very specific way. The move follows criminal investigations, ethics inquiries and political embarassment linked to the use of earmarks.

If the ban had been in effect last year, it would have blocked some 1,000 earmarks, many of them for military contractors that received multi-million-dollar contracts, leaders of the House Appropriations Committee said in announcing the decision.

Nancy and I agree on something!

House Leaders Bar Earmarks to For-Profit Companies - NYTimes.com

Unfortunately: according to the article Senate dems don't appear to be interested in passing the same rules.

 

[Arkiehawg]

Nancy and I agree on something!

And then SoWal froze over.......

 

[Lynnie]

Nancy and I agree on something!

House Leaders Bar Earmarks to For-Profit Companies - NYTimes.com

Unfortunately: according to the article Senate dems don't appear to be interested in passing the same rules.

And then SoWal froze over.......

Why does none of this surprise me?

 

[BeachSiO2]

House GOP says... I'll take your for-profit earmark ban and raise you one...

From The Hill

House Republicans approved a conference-wide moratorium on earmarks on Thursday, one day after a House committee enacted a ban on for-profit earmarks.

The Republicans' moratorium is more extensive than the House Appropriations Committee's ban in that it applies to all earmarks for all members of the caucus.

 

[scooterbug44]

What exactly is going on? This seems too good to be true!

 

[Will B]

sure sure...and I have some lovely beachfront property in Nevada I'd like to sell you...

 

[scooterbug44]

I keep waiting to hear that they have changed the definition of "earmarks" or something similar.

 

[Matt J]

It'll probably state that for-profit companies are only ones that operate using the cougaran.

 

[scooterbug44]

It'll probably state that for-profit companies are only ones that operate using the cougaran.

Do you mean kruggerrand? :rofl:

Or is there an "older woman on the prowl for young studs" currency I don't know of?

 

[Matt J]

Do you mean kruggerrand? :rofl:

Or is there an "older woman on the prowl for young studs" currency I don't know of?

Shouldn't you be reading the Onion?

Google it, it's a real word.