Note Well:
This blog is intended for rational audiences. Its contents are the personal opinions of its author. If you quote from this blog, which you
may do with attribution, please assume personal accountability for any consequences of mischaracterizing these expressed intentions.

Monday, April 20, 2009

The Stupidity Is Only Exceeded By the Arrogance and the Cynicism

{link » Obama to Order Cabinet to Quickly Cut $100 Million From Department Budgets}
“President Obama plans to convene his Cabinet for the first time today, where he will order members to identify a combined $100 million in budget cuts over the next 90 days, according to a senior administration official.

The budget cuts, while they would account [amount?] to a minuscule portion of federal spending, are intended to signal the president's determination to cut spending and reform government, the official said.
[...]
Earlier this month, both chambers of Congress passed Obama's $3.5 trillion budget outline for 2010, which includes unprecedented new investments in health care, education and energy. But the huge budget, which contemplates a $1.2 trillion deficit, has drawn the ire of small-government conservatives who say that the deficits jeopardize the nation's economic future.”
 — By Michael A. Fletcher, Washington Post Staff Writer, April 20, 2009
Let's take a brief moment to examine what is going on here, shall we? A $100 million budget-cut out of a $3.5 trillion budget is the following fraction
$100,000,000 ÷ $3,500,000,000,000 = 0.00003
Let's put that in the perspective of the American family's median annual budget of $40,000
0.00003 × $40,000 = $1.20
So, President Obama's proposed budget-cut of $100 million is to his total budget of $3.5 trillion, as the price of a single cup of coffee is to the median annual budget of an American family of four.

This, I submit to you, is the height of political cynicism preying on the naivety of the general public.

 h/t Theo

Post #722 The Stupidity Is Only Exceeded By the Arrogance and the Cynicism

No comments:

Post a Comment