Corporate & Securities Law

The Breathtaking Ruthlessness of the Proposed Budget Cuts

The New York Times is appalled at House Republicans’ plans to “eviscerate nondefense spending,” calling the vote in favor of the cuts an act of “breathtaking ruthlessness.”

The budget cuts, the Times says, will “carve $61 billion out of the government for just the next seven months, which would throw hundreds of thousands of people out of work and kill off scores of vital functions.” Did you hear that?! $61 billion — with a “b.” And in a mere seven months?!

That does sound pretty extreme…until you listen to this kid. (In his example, $61 billion would be 152.5 pennies.)

Full post as published by Truth on the Market on March 08, 2011 (boomark / email).