{link » Obama to Order Cabinet to Quickly Cut $100 Million From Department Budgets}
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
“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.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
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
$100,000,000 ÷ $3,500,000,000,000 = 0.00003Let's put that in the perspective of the American family's median annual budget of $40,000
0.00003 × $40,000 = $1.20So, 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
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