Sunday, May 10, 2009

Budget Cuts Visualization

I saw this a different way the other day. I wish I had saved that one.

It was a comparison of this budget cut to a budget cut compared to a family of 3 with a total income of $35,000 .

You would take $0.31 out of the discretionary spending side of the budget.

Can't even get a cup of coffee for that anywhere, this day and age.

I don't "Exactly" recall the numbers but it was a ridiculously low amount.

Anyway watch this and you can get a pretty good perspective of Obama's

$100,000,000 Budget Cut

Enjoy ;>)

I will try to find the other perspective, on the real home budget.

I found it ... I won't edit my first set of #'s but these numbers come from an "Economy Professor" so they should be pretty close.

George Mason University economist Don Boudreaux went the coffee route as well.

“To put this budget ‘cut’ in perspective, suppose that the typical American family, earning $50,000 annually, plans this year to run a budget deficit proportionate to the deficit that Uncle Sam will run,” he reasoned. “Such a family would plan to spend $75,000. Now suppose that this family, seeking to signal its faux-commitment to financial prudence, promises spending cuts equal, in proportion to its budget, to the cuts announced today by Mr. Obama. This family would declare — surely with much fanfare — that it will reduce its planned expenditures for the year by $2.08! Perhaps it might promise to survive the year with one less gallon of gasoline or with one less cup of coffee.”

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