A typical government response to a spending crisis (Jim Sinclair's MineSet)

Trader Dan’s Commentary
Here is a typical government response to a spending crisis – conjure up trillions of dollars in new, unpaid for spending, but cut Saturday mail delivery. Yep – that ought to close the funding gap! After all, $3.5 billion will make a big dent in that 2 year projected deficit of $2.9 trillion!

Wait until it costs us $1.00 to mail a first class letter.

What makes this all the more idiotic is that the Administration is revealing their “Cash for Caulkers” program where the feds will pay homeowners to caulk their holes in their houses. The number that I am reading associated with this program is $6 billion!

Now that is government math if I ever saw a wondrous example. Cut Saturday mail and save $3.5 billion but spend $6 billion on caulk. Folks – we could not make this stuff up.

This is supposed to create all manner of green jobs. About the only jobs I see being created by this is “Honey Do” lists. You know what those are if you are married: “Honey, can you do the caulking on the house”?


Grandpa:
This is a really solid site and I encourage all to make a visit.
http://jsmineset.com/