iBankCoin
Stock advice in actual English.
Joined Sep 2, 2009
1,224 Blog Posts

Hurray For Budget Reductions!

Hahahaha you have to be kidding me.

The magnanimous US Senate managed to find a whopping $15 billion in budget cuts for 2013? Are you out of your minds?

That’s about .4% of the US’ $4 trillion discretionary budget. Except, it’s not, because the Department of Defense budget is all hush hush and super secret. You throw in the entitlement spending in there. and the great Senators of the United States of America have proposed ~0% spending cuts in exchange for more blank checks.

Just knowing how Washington works, you have to assume you could slash 2% of discretionary spending without any consequences to services whatsoever, merely because DC is a gigantic slush fund for the well connected.

If any of you retained any hope that the system could reform itself, please consider this the force of reason bashing against the side of your head.

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2 comments

  1. flicker

    It’s just fucking scary. However, I am so sick of thinking about the consequences that I have hardened to the reality of what’s to come.

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