I'M BITING THE BULLET, ALSO
The President had ordered the cabinet to cut $100,000,000.00 ($100 million)
from the $3,500,000,000,000.00 ($3.5 trillion) federal budget.
I'm so impressed by this sacrifice that I have decided to do the same
thing with my personal budget. I spend about $2,000 a month on groceries,
household expenses, medicine, utilities, etc., but it's time to get out
the budget cutting axe, go through my expenses, and cut back.
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
$2,000 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 -
six cents worth.
Did this President actually think no one would do the math? Please send
this to everyone on your list so people understand how idiotic a $100
million cut is in a $3,500,000,000,000.00 budget - ludicrous.
Scarcity, Opportunity Cost and Competition impact our decision-making moment to moment. This makes economics the basis of life as we know it, after God. Nothing that people value is free, someone pays the cost. To gain that thing of value, scarce resources are given up and cannot be given up again for a different thing of value. And we all are competing to capture those scarce resources.
It's absolutely crazy that they think that 100 million draw back will really have an effect on the 3.5 trillion dollar budget. It is almost next to worhtless ... now 100 billion ... that might be a little bit better ... maybe ... at least you could see the difference. (3.4 trillion as opposed to 3.5 trillion)
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