Wednesday, April 22, 2009

Not even Krugman's buying Obama's spending cuts plan

New York Times Columnist Paul Krugman reacts to President Barack Obama’s $100 million spending cut:
“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.


Mike West said...

Nobody is really paying attention are they?

Brodad Unkabuddy said...

To me or Obama? Me? Probably not. Obama? The 43 million who voted against him are stirring more and more every day.

Mike West said...

They are not paying attention to BO's fuzzy math. The main stream media is not covering the facts. Your blog is a great place to get facts.