PORKBUSTERS UPDATE: Mark Tapscott reports:

It’s gotten little attention in the mainstream media but a potentially landmark measure authored by Sen. Tom Coburn, R-OK, and Sen. Barrack Obama, D-IL, was taken up by the Senate today. Call it the “Show Us the Money” amendment for Uncle Sam.

The measure is Amendment 3175, which is one of a bunch of amendments to the Lobbying Reform Bill now being considered by the Senate. Odds are very good that every Member of the Senate will have the opportunity to vote for or against the Coburn/Obama amendment.

The Coburn/OBama amendment directs the U.S. Office of Management and Budget to establish a publicly available database of the more than $300 billion the federal government spends each year via contracts and grants to more than 30,000 groups, businesses and organizations.

Trent Lott seems to have killed it. “Put another way, Lott just told taxpayers to butt out.”