Kathianne
04-21-2009, 06:08 AM
http://krugman.blogs.nytimes.com/2009/04/20/100-million-here-100-million-there/
April 20, 2009, 3:05 PM
$100 million here, $100 million there
“pretty soon, even here in Washington, it adds up to real money,” says the president.
Except, you know, really it doesn’t. Let’s say the administration finds $100 million in efficiencies every working day for the rest of the Obama administration’s first term. That’s still around $80 billion, or around 2% of one year’s federal spending.
OK, politics is theater. But you could argue that the president shouldn’t feed the bogus claim that we can close fiscal gaps by eliminating a bit of waste.
Yep, this plan is way more than 'waste' can balance or even dent.
April 20, 2009, 3:05 PM
$100 million here, $100 million there
“pretty soon, even here in Washington, it adds up to real money,” says the president.
Except, you know, really it doesn’t. Let’s say the administration finds $100 million in efficiencies every working day for the rest of the Obama administration’s first term. That’s still around $80 billion, or around 2% of one year’s federal spending.
OK, politics is theater. But you could argue that the president shouldn’t feed the bogus claim that we can close fiscal gaps by eliminating a bit of waste.
Yep, this plan is way more than 'waste' can balance or even dent.