Monday, February 14, 2011

Obama math

President Obama sent his proposed 2012 budget to Congress today, and after reading the basics of it, you can color me confused.

Let us crunch the numbers:

The total budget is $3.7 trillion.

The total deficit in that budget is an all-time high $1.65 trillion

However, the Obama administration is bragging that the budget calls for a spending plan that will cut $1.1 trillion from the deficit over the next ten years. Again, that is over the next ten years. That is indeed a vast quantity of money, however it is not much to shout about when a simple division equation shows that the deficit reduction comes out to just over $100 billion per year over that ten year period.

So under this pathetic ten-year plan, we will be saving $100 billion a year, while just this coming year, the deficit will be $1.65 trillion. Whoopdee-doo.

If the deficit reduction was $1.1 trillion every year - not over ten years - then maybe I would be impressed.

How is it that little ol' me can figure this out, yet these ivy league Ph.Ds can't seem to figure out this simple equation?

"If a nation expects to be ignorant and free... it expects what never was, and never will be." -Thomas Jefferson

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