President Obama wants to cut federal spending by $100 million. All well and good, but here’s a graphic that shows how big that cut really is (H/T).

Posted by Hubbard in Bailoutistan, CHANGE!, It's Economics - Stupid!
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President Obama wants to cut federal spending by $100 million. All well and good, but here’s a graphic that shows how big that cut really is (H/T).

Posted by Hubbard in Bailoutistan, CHANGE!, It's Economics - Stupid!
I think it would be better if journalists and other writers use consistent units. In this case:
Obama’s requested budget cuts: $0.1 billion
FY 2009 appropriations bill: $410 billion
Stimulus bill: $787 billion
Proposed FY 2010 budget: $ 3690 billion
Or, for every $1.00 President Obama wants to save he is planning to spend $48,000.00