Monday, April 20, 2009

Obama's Cosmetic Cuts

In a recent press release, the White House has announced that "As part of his commitment to go line by line through the budget to cut spending and reform government, he will challenge his Cabinet to cut a collective 100 million dollars in the next 90 days."

The proposed $100 million, if you compare it to the $3,500 billion federal budget this year, is only a miniscule 0.00002% cut.

If the median US household, making approximately $50,000 a year, were to make the same budget cut, it would be about $1.40--or less than the typical Starbucks coffee cup. So, if you've resisted the urge to go to Starbucks once this year, congratulations--you've shown more fiscal scrutiny than this cut.

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