Buckets of Money

President Obama announced today a goal of cutting government programs by $100 million within 90 days in an effort to get spending under control. ABC News reporter wonders whether it is just a “drop in the bucket”. Let’s see, the 2009 projected deficit under Obama’s spending plans is about $1.75 trillion according to some sources. So figure it out: $100 million divided by $1.75 trillion, or 1/17,500 works out to about .0057%. One of the necessary steps to allowing the economy to restore itself is to slash government spending. At this administration’s rate of cutting spending this amounts to a small prick rather than a slash.

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