Congressman
Henry E. Brown, Jr.

According to reports, President Obama will hold a cabinet meeting today in which he will order the departments to identify a total of $100 MILLION in budget cuts over the next 3 months. Note that – according to CBO – under Obama’s budget, the Federal Government will spend  more than $4 TRILLION this year alone (FY 2009).   

• That works out to $7.6 million in spending-- per minute.
• It will take about 13 minutes for the Federal Government to spend $100 million. 
• During this 90 day review, the Federal Government will spend nearly $1 trillion ($987.3 billion). 

For additional perspective…

• $100 million is .002% of total spending.
• $100 million is .02% of omnibus spending.
• $100 million is .01% of total stimulus cost.

Posted by Brown Staff (04-20-2009, 11:57 AM) filed under Economy

 

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