At least the President wants to keep his campaign promise by using fiscal responsibility. In the midst of his spending spree, saddling future generations with debt and taking over banks and car companies, he is cutting the budget by one-half of 1 percent. Half of the cuts will come from the military budget in a time of war (I’m sorry, I think it’s called a “overseas contingency operation” or something).
I wonder. Can you imagine helping a family with a budget out of control by advising them to cut their spending by one-half of 1 percent? That means if a family takes home $2,000 a month, they only have to cut $10 from their budget!
The budget will show 121 terminations, reductions and savings for a total savings of $17 billion in 2010 — $11.5 billion from discretionary spending, the rest from the mandatory part of the budget. Roughly half of the savings come from defense budget, and the other half is non-defense related. The officials said that 80 of the programs that will face cuts are new and have not been previously discussed by the administration. The bulk of the defense cuts have already been announced by Secretary of Defense Robert Gates. Jake Tapper
Ed Morrissey shares:
That’s it. Apparently, we were all wrong. 99.5% of the federal budget is meat, and Obama found all the fat in that $17 billion. Just to remind everyone, $17 billion comprises just 4.25% of the increase in the federal budget under Obama. It amounts to somewhere around 2.2% of Porkulus. Obama just signed an omnibus spending bill that cost $410 billion, against which the cuts are about 4.25% as well. The pork-barrel line items in the omnibus spending plan alone amounted to almost half of what Obama just cut ($7.7 billion). And just to emphasize the point, the $17 billion amounts to 0.85% of 2009’s deficit, and only 1.7% of the lowest deficit projected by the Obama administration in any of the next ten years.
Check out Michelle Malkin’s rendition of Obama’s cost cutting tools.
Filed under: Barack Obama | Tagged: $17 billion, Barack Obama, Conservative Issues, one-half of 1 percent
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Pure PR and the obedient press is printing his quotes about being fiscally responsible and not burdening other generations. Who is stupid enough to believe this? It is like investing a dollar out of every paycheck to charity and bragging about it. Or better yet tithing 2 grand out of a salary of millions.