According to various news sites, Obama’s upcoming budget will consist of spending cuts equating to 775 million dollars. Considering that the proposed deficit is expected to be 1.5 trillion dollars, auditors wouldn’t even consider this material.
Sometimes people have a hard time imagining these #’s, so allow me to illustrate: With a deficit of 1.5 trillion dollars, 775 million dollars amounts to being .0517% of the amount.
Thus the proposed cuts would equate to an individual with a credit card debt of one thousand dollars, reducing their spending by 51 cents.
Or, if one was eating 3 large pasta servings per day, and decided they wanted to reduce their calorie intake by taking out no more than half an inch of one noodle of pasta from the first meal.
For you runners, this “reduction” would be similar to shortening the distance of a marathon by by 70 feet (not even 3 first downs in football).
I’m clearly having too much fun with this, but the message is obvious. We must have a fiscal conservative in the White House. Anything short of that and we’ll continue to see “no solution but to raise taxes” types of budgets that have no “off” or even a “pause” button when it comes to spending.