hahahaha, Can you even see this?

[Bindare_Dundat]

I wouldn't have even noticed it without the arrow.



President Obama has requested $100 million dollars in budget cuts.  But hold on.  What does that really mean?  This chart really puts the size, or lack thereof, of this reduction into perspective.  Harvard University economics professor Greg Mankiw likens this to a family with a budget of $100,000 going $34,000 over budget responding by reducing spending by...three dollars.
According to reports, President Barack Obama plans to convene his Cabinet for the first time today, where he will order members to identify a combined $100 million in budget cuts over the next 90 days. Just how laughable is Obama’s latest stunt to try to maintain his “fiscal responsibility” credentials? This graphic from Heritage’s John Fleming  might help:

pull out your magnifying glass:



Harvard University economics professor Greg Mankiw’s comments:

To put those numbers in perspective, imagine that the head of a household with annual spending of $100,000 called everyone in the family together to deal with a $34,000 budget shortfall. How much would he or she announce that spending had to be cut? By $3 over the course of the year–approximately the cost of one latte at Starbucks. The other $33,997? We can put that on the family credit card and worry about it next year.”

[Fury]

Mankiw wrote my intermediate micro book when I took it. Dude knows his shit. One of the better econ books I've used.

[Dan-O]

Seriously--like I said in another thread, it's an insult to America's collective intelligence; it's a slap in the face.  It's a joke.  But not the funny kind that makes you go ha ha ha.