| ITEM: The President ordered the cabinet to cut a whopping $100 million from the $3.5 trillion federal budget! EverBank's Chuck Butler responds: "I'm so impressed by this sacrifice that I have decided to do the same thing with my personal budget. I spend about $2000 a month on groceries, medicine, bills, etc, but it's time to get out the budget cutting ax, go line by line through my expenses, and go to work. "I'm going to cut my spending at exactly the same ratio -1/35,000 of my total budget. After doing the math, it looks like instead of spending $2000 a month; I'm going to have to cut that number by six cents! "Yes, I'm going to have to get by with $1999.94, but that's what sacrifice is all about. I'll just have to do without some things, that are, frankly, luxuries." Daily Pfennig | ← Butler makes a good point. The talk of cutting the federal budget is a joke. It amounts to peanuts. Even Senator Rand Paul's $5 billion cut recommendation is a drop in the bucket, too. |
John Wrisley points us to the lack of serious consideration of spending cuts by the administration and Congress.
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