Thursday, May 7, 2009

Americans Need to Wake Up 50 Trillion Dollars is a Lot


It irritates me that Americans (I don't mean anyone in particular) have no idea how much money is being spent. AIG gives 150 million in bonuses and everyone freaks out. The Congress gives 2 Trillion dollars to crappy companies, and no one cares. What the hell! I don't know math, but if you divide 150 million by Obama's federal budget monstrosity of 3.4 trillion, you get. 4.41176471 × 10-5. You figure out what percentage that is of the budget. 4.41176471 x 10-3? It is almost literally nothing. David Brooks said it was like .001 or something. Over the next 30-40 years we're looking at 50 trillion in entitlement liabilities, Soc Sec, Medicaid, Medicare. What is Obama doing about that? He's creating MORE entitlements. Not reforming the existing ones. During the debates, Obama said he's going to use a scalpel opposed to McCain's hatchet. Here is his tiny 17 billion dollar scalpel. And there's a lot of naive Americans that are going to eat it right up.

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