The Fiscal Year 2011 budget deal announced on Friday reportedly involves cuts of $38 billion. It’s hard to keep billions and trillions of anything in perspective. $38 billion is a huge pile of money, after all. So how do you get a sense for that amount?
The world’s richest man, Carlos Slim Helu, has a net worth of $74 billion. Bill Gates is number two at $56 billion, followed by Warren Buffett at $50 billion. Charles and David Koch (the hated bogey men of progressives’ fever dreams) have $22 billion each, and George Soros (the leftist Sugar Daddy of sugar daddies) has $14.5 billion.
So $38 billion in cuts sounds like a lot, doesn’t it?
Suddenly that cut doesn’t look so drastic, does it?