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Showing posts with label Politics. Show all posts
Showing posts with label Politics. Show all posts
Saturday, January 21, 2012
Friday, April 22, 2011
The Unbearable Meaninglessness of Politics
This is why I've given up on the political process to address anything important in a meaningful way:
"Sadly, the budget 'cuts' proposed so far in Washington DC are too minuscule to assist in any credible way, and they practically represent a rounding error, given the numbers involved..."
More to the point: "For the record, these 'cuts' work out to ~$3 billion less in spending each month, or less than the amount the Fed has been pouring into the Treasury market each business day for the past five months." same source
"...the entire $38 billion is just 2.3% of the deficit and slightly under 1% of the total 2011 budget."
http://www.chrismartenson.com/blog/breakdown-draws-near/56594
"Sadly, the budget 'cuts' proposed so far in Washington DC are too minuscule to assist in any credible way, and they practically represent a rounding error, given the numbers involved..."
More to the point: "For the record, these 'cuts' work out to ~$3 billion less in spending each month, or less than the amount the Fed has been pouring into the Treasury market each business day for the past five months." same source
"...the entire $38 billion is just 2.3% of the deficit and slightly under 1% of the total 2011 budget."
http://www.chrismartenson.com/blog/breakdown-draws-near/56594
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