Tuesday, January 29, 2008

President Bush Will Cut Spending

Bush said he would cut or eliminate 151 "wasteful or bloated" government programs in his budget for 2009 -- cuts he said would total $18 billion of a budget that amounted to $3 trillion in 2008.
Hmm...

$3 trillion is the same as $3,000 billion. $18 billion of $3,000 billion is a 0.6% cut. Or, approximately the amount of money required to cover the cost of operating the war in Iraq for 2 weeks.

Now, I'm no fan of "wasteful or bloated" government operations, but when I think of "wasteful or bloated", my mind tends to wander towards the things the government does that cost $1 billion per day... not $1 billion per year.

Remember this, if you are an American: You currently owe $30,000 to the federal government in taxes above and beyond what you are paying already. You can either pay for it by paying higher taxes or by reducing government services by an equivalent amount. No: There is not a third choice.

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