Wednesday, 27 January 2010

The Statist Of The Union Address (First Draft) [update 2]

Everyone’s been talking about what’s going to be on President Zero’s teleprompter when he delivers this forthcoming State of the Union speech. Fortunately for readers, your waiting is already over. Jeff Perren has managed to hunt down an early copy of the upcoming State of the Union Address from whatshisname's speechwriter. Thought you might be interested...

Read The Statist Of The Union Address (First Draft) – SHAVING LEVIATHAN

UPDATE 1: Does Obama really think we’re stupid when he tells us he plans to “to Seek a Spending Freeze to Trim Deficits” –- when the “freeze” exempts spending on defence, foreign aid, the Veterans Administration and homeland security, Medicare, Medicaid and Social Security (i.e., all “the biggest and fastest-growing parts of the federal budget”) -- when it amounts to a “freeze” of just $25 billion a year –- which the New York Times calculates is “less than 3 percent of the roughly $9 trillion in additional deficits the government is expected to accumulate over the next decade? 

Wait. Strike that.  Of course he thinks we’re all stupid.

Still, even that little that late was enough to turn Paul Krugman apoplectic.

UPDATE 2: Budget figure corrected [Thanks Graeme E.]


  1. Why not try a bit of bingo if you happen to be watching :)

  2. You either type an "m" instead of a "b", or your arithmetic is out by a factor of 1000. In fact, even if you've written million instead of billion, you're still out by a factor of 10.

    $25 million is 0.00028% of $9 trillion.

    $25 billion is 0.28% of $9 trillion.

  3. @GRaeme: I blame the New York Times, from whom that quote comes. NEver trust their arithmetic. :-)

  4. The page of the NY Times to which you link says $250 billion.

  5. @Graeme: Oops. You're right. I've cocked up.



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