Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

“You have put your finger on the dilemma of all government, and the reason I am an anarchist. The power to tax, once conceded, has no limits; it contains until it destroys.”     Robert A. Heinlein,    The Moon is a Harsh Mistress

April 22, 2009

Comment Of The Day

by Brad Warbiany

Yesterday, I linked an article about Obama “challenging” his cabinet to find $100M to cut from the budget. I suggested it would have to grow considerably to even be a drop in the bucket. One commenter named John suggested that he should do that every day for the rest of his term, and we might get somewhere. Akston suggested that might still not get us very far:

Actually at that rate (100 million a day), it’d take well over 100 years to compensate the recent 4 trillion in new spending. And that would only account for principal, not interest.

It’s one more point that shows just how foreign the entire concept of a trillion is.

I think it’s time to listen to some tunes…


Permalink || Comments (2) || Categories: Comment Of The Day,Fiscal Policy,Government Waste
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2 Comments

  1. A trillion here, a trillion there, pretty soon you’re talking about some real money.

    Comment by southernjames — April 22, 2009 @ 11:44 am

  2. [...] spending cuts!, Obama Is on the Right Track When It Comes to Eliminating Government Waste, Comment Of The Day, Perpetuating A Myth, Quote Of The Day — Obama Cost-Cutting, and The Wrong Way to Cut the [...]

    Pingback by On Greg Mankiws Analysis Of Obama's $100 Million Budget Cuts | Prose Before Hos — April 23, 2009 @ 10:32 am

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