01/27/10 Stockholm, Sweden – Unfortunately, even in its inflated version of the figure, the spending freeze’s potential $250 billion savings — over 10 years — simply won’t do much to help resolve the $1.35 trillion federal deficit.
It’s always going to be disappointing when you bring a knife to a gun fight… or, as the case may be, ice cubes to a blazing inferno.
This cartoon came to our attention via Jesse Felder’s post on spending freeze efficacy.
Rocky Vega
Rocky Vega is publisher of The Daily Reckoning. Previously, he was founding publisher of UrbanTurf and RFID Update, which he operated from Brazil, Chile, and Puerto Rico, and associate publisher of FierceFinance. He specialized in direct marketing at MBI, facilitated MIT Sloan School of Management programs, and has been featured on CBS. Vega graduated with honors from Harvard University, where he was on the board of Let’s Go Publications and directed business programs involving McKinsey, Goldman Sachs, and Harvard Business School faculty. He is also enrolled at the Stockholm School of Economics.
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..it’s so unfair the way cartoonists draw people, i mean…that figure looks nothing like the president yet, couldn’t be mistaken for anyone else…!…