Tuesday, February 03, 2004

Bush Makes FDR Look Like a Piker
This new Budget is obscene. $2.4 trillion. That's a T. Just to make sure we are on the same page, consider this. A dollar bill is 0.0043 inches thick. And that is a new one, not the crumpled one you pulled out of your wallet. If you started stacking up dollar bills, would $2.4 tillrion
A) circle the earth 6553 times
B) reach to the moon... and back... 341 times.
C) make 2 round trips to Mars
D) be just enough to whet Ted Kennedy's appetite
Of course, the answer is all of the above.

Somehow, the common wisdom seems to be that this is an austere budget. The WaPo opens its coverage by talking about how much would be cut fromt he budget.

President Bush sent Congress a $2.4 trillion spending plan yesterday that would reduce next year's funding for nearly half the federal government's agencies while funneling large sums toward the anti-terrorism and military programs that have dominated the administration's agenda since the Sept. 11, 2001, attacks.

Back on this planet, Stephen Moore points out that this is more money than the government spent in its first 114 years of existence, combined! Even after correcting for inflation. I calculate that the per capita spending of $8300 is more than the per capita GDP in all but a handful of coutries. According to the global rich list, over 86% of people worldwide don't earn $8300 a year, but the government expects each one of us, including infants and retirees, to pony up this much every year.

Three key points:
1) This threatens our economy.
2) This threatens our personal liberties.
3) There is no end in sight.

Oh, it is so depressing.

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