"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."

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.

--The �Stimulus� bill created $787 billion in new debt

--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

Labels: other people's money