100 000 000 000 ÷ 4 000 000 000 000 = 0.025 or 2.5%
House GOP Pledges to Cut $100 Billion | The Freeman | Ideas On Liberty“The incoming Republican majority in the House is moving to make good on its promise to cut $100 billion from domestic spending this year, a goal eagerly backed by conservatives but one carrying substantial political and economic risks. House Republican leaders are so far not specifying which programs would bear the brunt of budget cutting, only what would escape it: spending for the military, domestic security and veterans.” (New York Times)
Out of nearly $4 trillion.
FEE Timely Classic
“Budget Mice” by Sheldon Richman
Strained States Turning to Laws to Curb Labor Unions
By STEVEN GREENHOUSE Published: January 3, 2011
Faced with growing budget deficits and restive taxpayers, elected officials from Maine to Alabama, Ohio to Arizona, are pushing new legislation to limit the power of labor unions, particularly those representing government workers, in collective bargaining and politics.
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