Thursday, April 23, 2009

Politics: Obama's budget cut put into perspective.

clipped from www.cafehayek.com

Audacious Theater

You report that President
Obama today "challenged" his cabinet to "cut the budget by $100
million" ("Obama to Cabinet: Cut $100 Million from Budget," April 20).
What courage. A President who proclaims the importance of making "hard
choices" calls upon his government to trim away a whopping one
thirty-six-thousandth of its projected expenditures for the year - or,
alternatively reckoned, one twelve-thousandth of its projected budget
deficit.
To put this budget "cut" in perspective, suppose that
the typical American family, earning $50,000 annually, plans this year
to run a budget deficit proportionate to the deficit that Uncle Sam
will run. Such a family would plan to spend $75,000.
This family would declare
- surely with much fanfare - that it will reduce its planned
expenditures for the year by $2.08!
Who would take such a gesture to be anything other than audaciously insulting sarcasm by the chronically irresponsible?
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