David Koch New York Ballet and Federal Spending

                                                              Source: Bloomberg

David Koch has support the New York Ballet for years (he even gave them $100 million). Last night he was spotted with his wife Julia and Bloomberg in this story caught up with him. I didn’t know that he has been going to the ballet since the 1960’s and seems to really enjoy it. Koch mainly talked about his support for Republican presidential hopeful Mitt Romney. As you can see in the picture from above Koch was wearing a burgundy colored velvet jacket made by the House of Maurizio (he in some ways looks like a movie usher with $31 billion). I didn't know this but Mr. Koch also likes to drink vodka and tonic and really isn't a champagne drinker. He enjoys very fine wines including red burgundy, red Bordeaux, and white Burgundy.

When talking about political issues David Koch who is really has more libertarian leanings supports Mitt Romney believes Romney has to do well in the debates to have a good shot at winning this election. Currently Intrade has Obama’s chances of winning the election at 72% which has constantly been increasing (especially after Romney made his comment about the 47%). Koch also pointed out that “We know with mathematical certainty that without mass reduction in federal spending we’ll go the way of Greece”. David Koch is absolutely right considering the over $15 trillion in debt the United States currently has and the annual trillion dollar deficits we keep running. Heck even if the government just spent what they brought in we would be much better off. This leads me to a scene in the 1985 movie “Real Genius” with Val Vilmer where Vilmer figures out that using ice is needed to solve a solution. Vilmer proclaims “ice is nice!” We could apply the same analogy to the federal budget and just freeze spending.  At a baseline we should be getting rid of programs that overlap each other. Currently 126 programs are used to fight poverty. Why not reduce this to 1 or 2? The government should have a consulting company like McKinsey or Accenture come in and explain how they can cut costs and improve efficiency. If only the government thought more like business owners we would all be better off.