Tuesday, July 26, 2011

Let's Talk Accounting/Numbers The Washington Way

The Reid plan advertises $2.7 trillion in spending cuts; of which $1 trillion is from pulling troops out of the Mid East - which we were going to do anyway. Apparently, not spending $$$$ you weren't going to spend anyway is "savings."

What is even more enraging is that $400 billion of the spending "cut" is the interest that would have been paid on the $$$$ that would have been borrowed to fund the spending. So, not only do they call money that we weren't going to spend in the first place "savings," but the interest we never would've paid on the money we aren't spending is "savings" too.