WASHINGTON — At a moment when the momentum in Washington is driving toward slashing budgets and shrinking government, President Obama argued on Tuesday evening that the politics of austerity, mindlessly applied, would amount to a pre-emptive surrender to China, India and a raft of smaller competitors who are investing while Americans are cutting.In contrast, here's a compound interest table followed by a video of a freight train. (Be sure to multiply the numbers in the table by 1,400,000,000.) Enjoy.
Wednesday, January 26, 2011
The Windbag Meets the Irresistable Force
The NYT has this take on Obama's State of the Union call for more spending.