More Pissing in the Ocean Part IV
I am getting a fucking headache looking at all of these ridiculous budget cuts. Here is Obama's big "plan." You'd think he was hacking off a leg or something to read the CNN spin.
A trillion in 10 years? Big whoop. That covers about 1/2 of the interest on our existing debt now if we didn't add to it and interest rates remain where they are. If you think that is gonna happen, I got some ocean front property in North Dakota to sell ya.
In local government, I used to see these stupid cost reductions projected out 10 years. Let me tell you how that works. Subsequent administrations and governing bodies do not have to adhere to them nor are they bound by them. Politicians just bloat the budget somewhere else.
http://money.cnn.com/2011/02/14/news/economy/obama_budget_spending_cuts/index.htm
A trillion in 10 years? Big whoop. That covers about 1/2 of the interest on our existing debt now if we didn't add to it and interest rates remain where they are. If you think that is gonna happen, I got some ocean front property in North Dakota to sell ya.
In local government, I used to see these stupid cost reductions projected out 10 years. Let me tell you how that works. Subsequent administrations and governing bodies do not have to adhere to them nor are they bound by them. Politicians just bloat the budget somewhere else.
http://money.cnn.com/2011/02/14/news/economy/obama_budget_spending_cuts/index.htm
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