President Obama unveiled a budget Thursday with a 2010 price tag of $3.5 trillion financed with $1.2 trillion of new debt. For domestic agencies, that's a 9.3% spending hike over last year.
Mr. Obama and his advisers know the public won't accept gigantic governmental expansions without at least some effort to pare the waste in Washington. So they scrubbed "line by line" through this historically huge budget and identified $16.7 billion of budget savings. This is less than a penny, about 0.47 cents, of savings out of every dollar Uncle Sam will spend this year. And these aren't real savings that will reduce debt, because Congress has already fixed the budget totals. Thus, each dollar saved from the African Development Foundation gets reallocated to some other foreign aid program.
"If you haven't got a penny, a haepenny will do...."
In this case, the spending, monetization, taxing and governmental collapse will destroy the once late great nation of the USA. We are well on the way.
Alas I knew her well.... And loved her, but she went after another lover who destroyed her.
Happens every day in the papers. I just ended up in the line of fire.
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