I knew that a "cut" was really an increase in spending. But, I didn't know just how devious it was. In the given example, $100,000 is the base line budget. Then it is projected to increase to $110,000. That's the first thing I don't understand. Where did this 10% increase come from.
Then if the budget is "cut" why doesn't this bring it down to $99,000 (110-10%?) It's unbelievable that the "cut" is really only 10% of the projected increase, and that is only $1,000.