April 11, 2013

Quote of the Day

And the award for best Physics reference in a political editorial goes to.........

President Obama is said to be trying to lure Republicans into another grand bargain by including a proposal in his 2014 budget that would slightly slow the growth of Social Security and other federal benefits. But he's also telling the Democrats going bonkers about slashing Social Security not to worry, the cuts aren't drastic and barely noticeable.

It's the Schrödinger's cat of entitlement reform. Both his political postures can't be true at once, and no points awarded for guessing what the details reveal. -- WSJ Ed Page

Quote of the Day Posted by John Kranz at April 11, 2013 12:04 PM

How do they know? Nothing is certain!

According to one account of the details, $110,000,000,000 in cuts over ten years. Seem like a lot? Total budget: $54,000,000,000,000.

54 000 000 000 000
00 110 000 000 000

0.2%.

Posted by: johngalt at April 11, 2013 12:26 PM

Dang! We'll never be able to afford White House tours...

Posted by: jk at April 11, 2013 1:05 PM

One of my favorite analogies that I have seen in various places is to compare this to a household budget by removing 9 zeros.

In that case the new numbers save $110.00 on a 54k annual budget.

Posted by: dagny at April 11, 2013 1:22 PM

An even better perspective. Well said dear.

"And to show the American people I am serious about getting our national goverment's spending problem under control, my budget will reduce spending by $110 per household."

Wow, I'm trembling in the shadow of his Greatness.

Posted by: johngalt at April 12, 2013 11:37 AM | What do you think? [4]