This is how far we've come in this spending binge:

A congressman — on this show — bragging that the latest stimulus package they're working on has only $10 billion of pork. And Congressman Chaka Fattah — a lovely gentleman — said that I should be impressed.

Only $10 billion in earmarks? Not bad for a $410 billion spending package. That's on top of a nearly $800 billion stimulus package… which is on top of a, likely, trillion dollar financial rescue package.

Lots of packages. And here I am arguing over such a tiny package.

I guess the congressman's right: In the scheme of things, $10 billion does seem like chump change. But there was a time when $10 billion bought you a war, or built you an entire highway system, or got you a substantial down payment on getting to the moon.

But that was then. This is now.

And now, $10 billion is better suited paying for things far less grandiose. Like $59 million for Pacific salmon management. Or $250,000 for security cameras in Pennsylvania. Or $150,000 for theater renovations in Idaho.

I suppose when you're spending hundreds of billions, who cares about $400,000 earmarked to combat bullying — I guess unless you were getting bullied. Or $200,000 for tattoo removal.

Chump change, I guess. And even the president seems to be saying I’m a chump for making a big deal of it.

But consider this: Those projects I just mentioned represent but $60 million of the $10 billion Congressman Fattah admitted was earmark stuff.

Pray tell, what other stuff have I missed? Have we all missed?

And what has come of us when our leaders brag about keeping waste down to $10 billion in a package?

If that's progress my friends, please tell me the definition of something else: failure.

Watch Neil Cavuto weekdays at 4 p.m. ET on "Your World with Cavuto" and send your comments to cavuto@foxnews.com