Obama’s Budget Tightening Farce

It’s official, Obama is asking his Cabinet to cut spending. Has he finally realized the importance of not putting the country into a tailspin of debt? Let’s evaluate…

Obama has asked for a reduction of $100 million. When we are talking about deficits in the Trillions, a few million is a simple drop in the bucket.  AP puts this into perspective:

 

  • Less than one-quarter of the budget increase that Congress awarded to itself.
  • 4 percent of the military aid the United States sends to Israel.
  • Less than half the cost of one F-22 fighter plane.
  • 7 percent of the federal subsidy for the money-losing Amtrak passenger rail system.
  • 1/10,000th of the government’s operating budgets for Cabinet agencies, excluding the Iraq and Afghan wars and the stimulus bill.

 

When you consider that the costs of borrowing the money for the latest “Stimulus” package is $100 million a day, does this effort amount to anything?

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Posted under Economy

Written by admin on April 20, 2009

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11 Comments so far

  1. Cracked World April 20, 2009 9:49 pm

    0.0025% of the total spending package for 2009. He is about as good at making concessions as the UAW is.

    The fact that they try to pretend that they’re doing something that makes a difference just sickens me.

  2. vegas art guy April 21, 2009 12:15 am

    And he wonders why there is a confidence gap? Sheesh! I have no doubt that this will fall the wayside of his other pledges. One tea party is not going to do the trick this time around.

  3. James Sheaf April 21, 2009 2:10 pm

    “well we’ll have our office staff buy in bulk…”. It’s a slap in the face and an obvious statement of ‘we will cut no such pork.’ we might just need more parties in the future. If we have any more, count me in.

  4. Troy April 21, 2009 4:19 pm

    I was going to post this exact thing on my blog, it’s completely absurd.

  5. DADvocate April 21, 2009 9:44 pm

    Hey! Save $100 million every 90 days and we can pay off a trillion bucks in 2,500 years.

  6. Troy April 22, 2009 1:36 am

    “It’s a slap in the face”

    I agree, think about it, they want to cut 1/10,000th of the operating budget. That’s like telling someone who makes $100,000 a year to save $10. Seriously, who are you fooling?

  7. vegas art guy April 22, 2009 9:14 pm

    Troy, he’s hoping to fool the average American. Not sure about his chances though!

  8. Troy April 24, 2009 1:17 am

    @vegas art guy

    The scary thing is, the uninformed will see this as the greatest show of government restraint in a generation.

  9. Harrison April 28, 2009 2:44 pm

    I wrote of the same thing. I liked how he said it was important to “set the tone” as if his $787 billion bill did not set a different “tone.”

  10. Cracked World May 1, 2009 11:24 pm

    @DADvocate

    $100 million dollars every 90 days won’t cover the interest we’ll be paying.

    Thank You Dr.O for amputating my wallet.

  11. Paul July 22, 2009 2:09 am

    Thought the folks who liked this post would appreciate a visual of the $100M “cuts”:

    http://www.youtube.com/watch?v=cWt8hTayupE

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