Obama is touting his bold plan to "cut" $20 billion from the 2011 Federal budget (which includes more than $1.5 trillion in deficit spending). True, $20 billion is a lot of money. But when you realize that the entire Federal budget is $3.8 trillion, it doesn't sound like so much.
Do the math:
Q. $20,000,000,000 is what percentage of $3,800,000,000,000?In other words, Obama is proposing to "cut" less than one-half of one percent of Federal spending. To put this in perspective, it's as if an American family with the median household income of $45,000 decided to not spend a whopping $225 - next year.
Now that's tough fiscal leadership, isn't it?
Here's a great video illustrating the absurdity of Obama's smoke-and-mirrors budget freeze:
What do you think? How can we ever get Federal spending under control again?