On Big Numbers and the Obama Budget

My friend Will Wilkinson's brief article Obama budget adds up to a big problem nicely summarizes many of the points I've been making lately to anyone who will listen. He notes the feebleness of Obama asking each cabinet area to cut $100 million, how such numbers are dwarfed by the number $3.5 trillion, and the obvious long term problem being that we will all have to pay for this spending spree at some point down the road -- through higher taxes or through inflation (a tax on money you already have). Well done Will!