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