Posted by
Tom L. on Saturday, May 09, 2009 8:05:51 PM
President Obama may be the best president ever at presenting his views in the best possible light. It probably does not hurt that the liberal media never questions his spin.
Take his proposed budget of $3.1 trillion, the budget’s debt of $1.2 trillion (thus revenue of $1.9 trillion) and his recent announcement regarding $14 billion dollars in cuts in next year’s proposed budget.
When talking billions and trillions it is hard for most people to understand how these numbers relate. Thus, let’s do away with a few zeroes.
We could think of it this way.
Say I earned $19,000 per year, but was spending $31,000.
To make up the difference between what I earned and what I spent, I borrow $12,000 from my children.
To show them that I am doing something to get my spending under control, I make the big announcement that I will be cutting $140 of my spending.
Think they would be impressed?