Does The Cost Of Barack Obama’s Inauguration Make Good Financial Sense?
The AP is saying that it may end up costing between 150 and 160 million dollars to showcase Barack Obama’s historic inauguration. Wow! Really? Who is paying for it?
Did you know that’s over 10 times what it cost Bush or Clinton to be brought into office?
I understand this is going to be huge. There are literally millions of people making a journey to Washington DC to see the events taking place tomorrow. Needless to say, we’re going to be witnessing the first black man being sworn into the American presidency and that’s a big deal, so I would imagine the costs would be higher.
I still have a hard time with it.
Now- apparently, the AP didn’t exactly have a source that mapped out the exact costs, so we can’t be sure exactly what it’s going to be like.
But still- 150 million dollars?! I feel like the Fed’s money printing press must be tired. What do you think?
After bailing out the financial markets and the auto industries, I would think we’d be running low on funds at this point. I’m sickened by the money that’s being spent if that’s really what this inauguration is going to cost. I won’t pass judgment until I see where this money is being spent, but it’s still bothering me.
Does it bother you?
Again- I get it. It’s a big deal. I can’t wait to watch it happen! Living in a time where we get to witness the first black president is truly a privilege. Apparently they’re looking at about 40,000 people working to secure the area during the event. Can you believe that? I know there’s a cost involved when it comes to that type of security.
But still- 150 million dollars? Really?
Our federal income statements and balance sheets aren’t too healthy right now. After bailouts and a slowing economy, are we really in a position to fund something like this?
Think of it this way- you just close on a home that is way out of your league. The monthly mortgage is so much that your neck is barely sticking up out of the water. At the same time, you’ve just been informed that you’re taking a 30% pay-cut for 2009. You wonder how you’ll ever be able to make it under such financial conditions.
So to celebrate your new financial anxieties, you and your wife go out and drop $150 on dinner.
Doubt it.
Look- that’s just how I feel about the cost of the inauguration; if, in fact, it’s actually going to cost that much.
Your thoughts?
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