Obama's budget cuts made easy
 

Sometimes, big numbers are just big numbers. Obama gave his cabinet 90 days to cut $100 million in spending. What does that really mean?

I think it means he's cutting the budget like it said he would do.

"$100 million here, $100 million there, pretty soon even in Washington it adds up to real money.....None of these savings by themselves are going to solve our long-term fiscal problems. But taken together they can make a difference and they send a signal that we are serious about changing how governments operate," ~ Obama

I guess you did not watch the video.

Damn, that's a lot of pennies. Also, the value of those pennies are going to sink harder once all the QE schemes the FED is doing are over.

Excellent visual !


.

Good visual - I hope both Dems and Reps watch it, because neither side understands.

That said, LLoyd, sushi next week? I am flying in.

I watched it... It's a great example of how much of a difference every little thing can really make, and like Obama said it's going to take more than just one.

What it's not, is all budget cuts, past and future... and it doesn't take into account the 13% reduction in spending over the last year. Overall, if we look at any single budget cut like this, we will see it's a fraction of the budget - so not really a good example to look at.

I might be able to sneak out to meet you. goodgirl gets here Sunday, and she doesn't do sushi, so would have to work around it.

Gabe wants to meet on Saturday if you will be here by then.

In the meantime, I passed a Gu Gu milestone.


http://www.gotbaddog.com/wp-content/.../alex_2264.jpg



http://www.gotbaddog.com/wp-content/.../gugu_2240.jpg



http://www.gotbaddog.com/wp-content/.../gugu_6776.jpg

Very good visual representation!!!

Damned if you do, damned if you don't

http://2.bp.blogspot.com/_CfxSWwq8cV...ll%2BWindy.jpg

http://2.bp.blogspot.com/_CfxSWwq8cV...%2BReviews.jpg

http://4.bp.blogspot.com/_CfxSWwq8cV...%2BObvious.jpg

Who Said: "We will go through our Federal budget, page by page, line by line, eliminating those programs we don't need."????

According to the Cato Institute, who stated the words in the title of this post? Congressman Ron Paul, that crazy libertarian type out of Texas? Somebody out of that wacky tea party crowd? One of those nut case Fox News hosts? No, those words were stated by President-elect Barack Obama in 2008

Read more: http://society.ezinemark.com/who-sai...#ixzz1ClDV7Oik

Rand Paul has introduced a bill to cut the budget by $500 billion. Only 1/3 of a budget deficit. People are flipping out about his proposed cuts. To think people are flipping out over cutting down our budget 1/3 of the deficit makes me wonder how sane those people who are flipping out are.

I love it. Everyone is going off about the need to cut US spending, but almost no politicians will suggest cutting military spending. The US spends more on its military than all other countries combined (I think). You might want to step that down a notch. You can already blow up the world 80 times over within 30 minutes, so you're good, nobody is going to fuck with you.

You realize it would take 20 cuts to eliminate one stack in that example, right?

I figured it would take 1000's of cuts to get it down to where it should be... That's what line-by-line is, it's not one big slash... it's lots of micro slashes. It's not like any Congress is going to simply slash it like it needs to be, so logically you take away little bits at a time until you get it down... rather than fighting over one giant slash that will never happen.

Line-by-line is exactly what he has been doing for two years.. it's not one big slash, it's many of them.

http://www.gotbaddog.com/wp-content/.../gugu_6776.jpg

damn that looks tasty...

It is time to bring ALL our troops home. Lets start with Germany (and the rest of Europe) and Japan then go from there.

While we are at it we should cut off all foreign aid. We can not afford to borrow money to give it away. :2 cents:

That's a pretty cool video, nice explanation !

btw, from a socialistic point of view you just gotta move the blue line more to the right by cutting tax benefits for some people and raise taxes for everyone else ;)))

and voilá - less problems

:1orglaugh Good laugh thanks!

you're welcome - i was already afraid someone might take me seriously :winkwink:

I suddenly want sushi... not sure why.

:thumbsup:thumbsup

Title 18 United States Code, Section 331

If that boy has fraudulent intent, he's going to get into trouble for destroying that penny. ;-)

Oh it has to do with fraudulent intent? I just assumed those penny press machines got away with it, because it was only a penny.... :)

If we are spending a 16th of a 'penny' unnecessarily we should not bother to stop spending it that way because it's a small amount?
That doesn't make much sense. We are more likely to save money by cutting 100 programs that cost 1/4th of a penny each than by eliminating programs that cost 25 pennies in their entirety.

The real question, which matters far more than what we can cut is this:
What can we spend those pennies on that will earn more pennies than it costs?

Well done!

this vid shows the point!