What I learned in business school
This morning’s headline on Drudge Report: “Obama finds $20 Billion in cuts!”
Sounds good…lets run the math:
FY 2010 budget: $3.55 trilllion
FY 2010 deficit: $1.17 trillion.
Savings as a percentage of the budget = 20/3550 = .56%
Savings as a percentage of the deficit = 20/1170 = 1.7%
Um…keep looking, Barry!
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