Meaningless Savings

With a deficit that is projected to exceed $1.75 trillion in this year alone, the United States government is spending over $200 million per hour, every hour, in excess of its available funds.

Now, Obama has announced that he has challenged his "team" to scour the Federal budget and come up with a $100 million in wasteful spending (See Full Story) . He has tasked them to do so in just 90 days. That means that he and his team are committed in offsetting a whopping half hour's worth of this year's excess spending.

If he does meet that goal, he only has to make a dent in another 17,519 half hour's worth of spending to wipe out this year's entire deficit. But at a rate of $100 million in savings for every three months of work, that means Team Obama should be able to find enough wasteful spending to offset this year's deficit if they would simply press on for the next 13,140 years.

With that in mind, Mr. Obama is still confident that he will cut last year's deficit in half by 2013. Well, good luck, Mr. Obama! However, a miracle, and not just luck, appears to be in order if you really want to meet this goal.