One of the top stories of recent has to be the big battle on the Hill about trimming the federal budget. Last night an agreement was finally reached that would trim the budget by around 38 billion dollars.
This sounds great until you realize that it amounts to 1% of the federal budget. Yes folks, that's right. All this arguing back and forth for weeks, all this threat of a government shutdown, and they manage to trim 1%.
To put our federal budget and deficit problems in terms we can more easily understand, it is the equivalent of a family that spends 160K a year, but has an income of 100K a year. The husband and wife argue for weeks about what they are going to do to right the ship and they manage to come up with a reduction of 2K, leaving them still spending 158K a year on their 100K salary.
Anyone can see where this is going....and it is not good.
This sounds great until you realize that it amounts to 1% of the federal budget. Yes folks, that's right. All this arguing back and forth for weeks, all this threat of a government shutdown, and they manage to trim 1%.
To put our federal budget and deficit problems in terms we can more easily understand, it is the equivalent of a family that spends 160K a year, but has an income of 100K a year. The husband and wife argue for weeks about what they are going to do to right the ship and they manage to come up with a reduction of 2K, leaving them still spending 158K a year on their 100K salary.
Anyone can see where this is going....and it is not good.