Obama has asked for a reduction of $100 million. When we are talking about deficits in the Trillions, a few million is a simple drop in the bucket. AP puts this into perspective:
- Less than one-quarter of the budget increase that Congress awarded to itself.
- 4 percent of the military aid the United States sends to Israel.
- Less than half the cost of one F-22 fighter plane.
- 7 percent of the federal subsidy for the money-losing Amtrak passenger rail system.
- 1/10,000th of the government’s operating budgets for Cabinet agencies, excluding the Iraq and Afghan wars and the stimulus bill.
When you consider that the costs of borrowing the money for the latest “Stimulus” package is $100 million a day, does this effort amount to anything?
Posted under Economy
Written by admin on April 20, 2009