Editor: Thomas A. Smith
Wednesday, April 29, 2009
By Tom Smith
Listed below are links to weblogs that reference Why $100 million is not real money Tom Smith :
I did something similar, although less dramatic, in one of my recent Facebook status updates. I figured out that cutting $100 million in expenses out of a $3.5 trillion budget is the equivalent of cutting $2.86 in expenses out of a budget of $100,000.
So, Obama's announcement about the $100 million budget cut is the equivalent of a person who makes $100,000/year telling you that he's tightening his belt by cutting his spending by $2.86 for the year. Wow, that wouldn't even buy him a Happy Meal!
Either Obama thinks we're all idiots who will buy this tripe or he's immensely self-deluded. Perhaps it's both, as these two theories are not mutually exclusive.
Posted by: Adam Mossoff | Apr 29, 2009 1:12:35 PM
Fantastic! A great visual.
Posted by: KenWilson | Apr 29, 2009 2:56:26 PM
And somehow I just kept thinking about the penalty for defacing our currency by cutting it into quarters.
Posted by: Dave | May 4, 2009 7:43:41 PM
Nice video. It occurred to me this morning that you could make this point by putting the numbers in "hundreds of millions". Thanks for prompting me to blog it:
Posted by: dsm | May 4, 2009 9:48:37 PM
This blog is an Amazon affiliate. Help support LPBN Blog by making purchases through Amazon links on this site at no cost to you.
PageViewsSince Septermber 1, 2005