Tuesday, April 21, 2009
And all I'm asking in return, honey
"But cumulatively, they make an extraordinary difference because they start setting a tone ... $100 million there, $100 million here � pretty soon, even here in Washington, it adds up to real money."Is to give me my profits
Except, you know, really it doesn�t. Let�s say the administration finds $100 million in efficiencies every working day for the rest of the Obama administration�s first term. That�s still around $80 billion, or around 2% of one year�s federal spending.
When you get home (just a, just a, just a, just a)
Yeah baby (just a, just a, just a, just a)
When you get home (just a little bit)
Yeah (just a little bit)
--The �Stimulus� bill created $787 billion in new debtB-U-D-G-E-T
--Assume an interest rate of 5 percent
--5 percent of $787 billion = $39.5 billion
--$39.5 billion divided by 365 days = $108.2 million per day in interest generated from the debt issued to finance the stimulus package
All that money is not free
Your kids' wealth belongs to me.
Labels: other people's money