President Barack Obama wants to shave $15 billion from next year’s budget and $250 billion over 10 years. Let’s look at that closely.
The 2011 federal budget will be a colossal $2.713 trillion dollars, up from $2.381 trillion in 2010, according to the GPO[PDF].
$15 billion accounts for, let’s see, 0.55% of the entire budget.
Heck the increase in spending from 2010 to 2011 is 13.9%, which would give the inflation a run for its money. For simplicity’s sake, let’s shave off .55% from 13.9% gives us 13.35%. Or, 13% versus 14% increase.
That’s like saying, I want to buy the $2000 TV but I am not going to pay $20 for the HD antenna.
Who’s he trying to fool?
