Eight Quarters, a Dime and Four Pennies


With much fanfare today, President Obama asked his Cabinet to dig deep into their individual budgets and come up with savings of $100,000,000 from the federal budget. Finally, Washington is going to stop the madness; finally there is some fiscal discipline coming from our leadership. Or is there?

You see, 100 Million Dollars, while a big number to almost any American, is just .00286% of the President’s budget for the coming year. Since a percentage that small is almost incomprehensible, let’s try to put it in perspective. For someone earning $75,000 a year, this is the equivalent of saving $2.14. No, you don’t need to check my math, it’s correct. This much hyped effort is roughly the same thing as you or I skipping tomorrow morning’s coffee. Now don’t misunderstand, restraint in Washington is always a positive and to be encouraged. But, it is wholly disingenuous to hold a press conference and announce your “ambitious plans” to save a cup of coffee.

This is so obvious that even Obama’s fan club (oops, that should read – the White House press corps) caught on as you can see in the first two minutes of this hilarious video. As these reporters correctly point out, the White House scoffed at Republicans just a few weeks ago when they suggested that billions in earmarks were frivolous in light of the country’s financial situation.  In Obamaland billions are small meaningless numbers we shouldn’t worry about, and millions are huge savings to call a press conference and pat yourself on the back about – NO WONDER WE’RE IN THIS MESS!!!!!!

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Filed under Financial, Government Spending

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