Penny Wise, Pound Foolish

It's hard to think about the Federal Budget in terms we can understand.  A moderately successful American will, over the course of a forty year career, earn several million dollars.  But we don't even see all that money all at once.  Numbers a million times bigger than our total lifetime earnings literally boggle the imagination.

One enterprising videoblogger, however, has undertaken to illustrate the impact of Obama's recently announced $100 million in budget cuts:



 

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Megan McArdle is a columnist at Bloomberg View and a former senior editor at The Atlantic. Her new book is The Up Side of Down.

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