- Cafe Hayek - http://cafehayek.com -
Posted By Don Boudreaux On April 21, 2009 @ 9:12 am In Politics | Comments Disabled
Here’s a letter that I sent last night to U.S. News & World Report:
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. 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.
Who would take such a gesture to be anything other than audaciously insulting sarcasm by the chronically irresponsible?
Donald J. Boudreaux
Article printed from Cafe Hayek: http://cafehayek.com
URL to article: http://cafehayek.com/2009/04/audacious-theater.html
URLs in this post:
 Obama to Cabinet: Cut $100 Million from Budget: http://www.usnews.com/articles/news/obama/2009/04/20/obama-to-cabinet-cut-100-million-from-budget.html
 I like this breakdown to the minute by BloodyMaryBreakfast: http://bloodymarybreakfast.blogspot.com/2009/04/everything-will-be-different-in-17.html
 Image: http://www.blinklist.com/index.php?Action=Blink/addblink.php&Url=http%3A%2F%2Fcafehayek.com%2F2009%2F04%2Faudacious-theater.html&Title=Audacious%20Theater
 Tweet: https://twitter.com/share
Copyright © 2011 CafeHayek.com. All rights reserved.