Apr 21, 2009

Latest budget tightening: hardly a dimes worth of difference!

The latest fiscal tightening by the Obama administration is like cutting the budget with a pen knife.

It’s like asking a family that spends $40,000 a year to cut $2 out of its annual budget.


The report at the link below has another great analogy:

Cut a latte or two out of your annual budget and you've just done as much belt-tightening as President Barack Obama asked of his Cabinet on Monday.


Obama made his push for frugality the subject of his first Cabinet meeting, ensuring it would command the capital's attention. It also set off outbursts of mental math and scribbled calculations as political friend and foe tried to figure out its impact.

The bottom line: Not much.

Trying to get his Cabinet to save $100 million is laughable compared to the Obama $3,550,000,000,000 budget.

Link