That may be the case for many, but it is not true of the President's plan to have his cabinet cut a total $100 million dollars in spending. I can't help but recall a scene from Austin Powers when Dr. Evil declares a $1 million ransom from world leaders. Likely for Dr. Evil, he was corrected by Number 2 and upped his ransom request to a properly adjusted for inflation $100 billion dollars. Too bad someone like Number 2 wasn't on hand for today's cabinet meeting. According to The Wall Street Journal story "Obama Tells Cabinet to Trim Spending," The White House heralded recent reductions in travel and paper flow as examples of spending cuts.
While these cuts may be good intentioned, they pale in comparison to the enormous size of this year's fiscal spending. According to House Minority Leader John Boehner, the $100 million dollar cut represents .0025% of the expected $4 trillion in total government spending for 2009. Just the interest on our current national debt amounts to 1.2 billion a day. Mr. Obama was quoted as saying, "A hundred million there, a hundred million here, pretty soon even in Washington, it adds up to real money." Too bad our nation's leaders seem blind to the magic of compound interest that keeps adding on to the nation's debt which as of April 17th is 11,185,715,978,983.38 and counting.
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It is so amazing to see how much our government spends, even in just one day. I think that Obama definitly needs to up the amount he wants to cut back by. $100 million just doesnt add up much right now. We need to see durastic changes, not saving pennies. (Although I would love to have $100 million myself) I just see the government going farther and farther into debt rather than pulling us out.
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