Quote:
Originally Posted by kknudson
Not the amount or anything.
Why is it governments, city, state and the fed show how such and such will cost or save over 20 or 30 years.
Changes OB is proposing will save a trillion over 20 years(OK maybe it was 10 years).
Eliminating the dollar bill will save 5.5 B over 30 years. In 20 years we won't be using currency probably 10 years. (If the US Dollar survives).
Changes at O'Hare will save 250k per year IN 10 years (Daley).
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The reduction from spending cuts is generally straight forward. If we cut an average of $100 billion/year and keep that up for ten years then we'll spend $1 trillion less than we would have otherwise. The only way we wouldn't spend $1 trillion less would be if we didn't cut $100 billion/year for ten years.
There's no guarantee this will happen. Candidate B can come in after A and up spending, but the "savings" are estimates based on the assumption that the cuts aren't altered. That said, compared to estimates in the business world, government estimates are pretty solid. Government tends to be relatively stable compared to business.