Wednesday, September 9, 2009

113% of the deficit?

Megan McArdle writes

Ah, our old friends, waste, fraud, and abuse, the bane of politicians everywhere. Based on the number of politicians I have heard during my adult lifetime promising to generate massive savings from cutting waste, fraud, and abuse, I estimate that this diabolical trio accounts for approximately 113% of all Federal spending. The percentage may be even higher at the state and local levels.


baller

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