That's the budget "cuts" made by the WH on the current budget with an unbridled $3.4 trillion with a "T" in spending. Yet CNN seems to be in the bag with the WH on how responsible Obama is for cutting this "outrageous" "wasteful" spending. The cuts, not the ballooning budget is their front page story. MSNBC is too busy telling us about how great European socialism is. Yeah, some of the MSM is reporting like it is. Out of the frying pan and into the fire with this WH transition. When's inflation going to kick in? Because it's coming.
The Washington Post too has a two-page story titled "Obama Releases $3.4 Trillion Budget Plan" that is all about the programs being cut.
We've already seen this strategy at work - you can spend as much money as you want, provided you come back and say you're going to cut. Balloon it up to 14 trillion? Well, sure but we're then going to cut it in half!!!! Hand down a record-sized budget, but then tell everyone about the "cuts" you're now going to "ask congress to make" - (BTW i think I posted somewhere that at some point he was eventually going to lay the spending blame on Congress, and how bout that? There it is!) So now you're the fiscally conservative president.
also remember that these are just "proposed" cuts. Let's see how many make it through the budget process. Bush proposed $34B in cuts last year on a much smaller budget. For those keeping score Obama's proposed cuts are $17B. Nice press conference though.
He is asking for the same cuts Bush did (about half anyway) and I'd say Congress took up Bush on very little.
i get your point. It's small, but at least it is something. Many on this board have railed against wasteful spending in the budget. When others point out that it is tiny amount when you consider the overall budget that response will often be met with responses that say: wasteful spending is wasteful spending. No matter how neglible and it is "******** thinking" to discount any wasteful spending based on the miniscule effect it has on the budget. So when wasteful spending, no matter how neglible, gets eliminated, there should be support for that. So, good for Obama.
i give obama credit, he is playing the american people well. The majority of people will see budget cuts and think..great..obama is cutting spending. meanwhile, nobody is reporting the long term costs or the shady dealings going on in the bank and auto boardrooms.
As noted in the Washington Post article, the odds are the cuts won't be made. Presidents routinely propose cuts ignored by Congress. Bush targeted some of the same programs on his list. Keep in mind while they tout that $17B, we loaned $7.2B to Chrysler that they WILL NOT HAVE TO REPAY under the terms of their reorganization. The Link.
This is the worst budget that has ever been proposed by a US President. I have little doubt that Congress will avail itself of the opportunity to pass the worst actual budget in our history as well. What is so sad about it all is that the President has the gall to lie to us so boldly about fiscal discipline and that so many go along, either too ignorant of the facts to realize how his actions fail to jibe with his words or too blinded by party loyalty to admit the truth. "Cutting" $17B in the process of proposing a $3.4T budget is akin to "cleaning up" 1 toy after spilling 200 off of shelves and out of toyboxes. It is not worthy of praise. It is the height of disingenuity even to bring it up on the part of the administration, and it shows how cynical the administration is. I am profoundly disappointed but completely unsurprised by this budget proposal.
A number of things here: 1.) Great that we are trying to reduce the budget. but 2.) Most of the $17B was slated to be cut regardless of who was Presdient or in Congress, so please Mr. President quit acting like it was all your doing, it wasn't. 3.) As Brotha mentioned, that money is slated to just be redirected instead of lowering the budget, what a fricking crock of crap. I am really disappointed in this announcement and the fanfare that it is receiving, I agree every penny counts, these penny's were already counted. In essence, it is $17B more in the budget, not anything saved or cut.
I see others have gotten my point. This is all smoke and mirrors. It's all about perception and perception as reality. I'm kind of numb to the spending at this point but to put it out there like it is fiscally responsible is incredulous. Shame on the WH and shame on the media for rolling with it. This is worse than the Bush WH and republican congress going after welfare and other smaller entitlements while spending massive amounts of money in Iraq and fattening their friend's pockets.
The mainstream media is taking the bait, the hook, line, the sinker, everything. Reminds me of perch fishing.
What I think is (sadly) funny is his proposal to reduce the deficit in half by the time his first term is up. Well, if you start off by increasing the annual deficit from ~$400 to ~$1.3 trillion in your first year, I guess it might actually be possible to cut the deficit in half in 3 more years (but I'm still not betting on it). The problem is that too many people don't notice that he is saying deficit, not debt. He will still be increasing the national debt WAY faster than Bush and to unthinkable levels. Smoke and mirrors. This guy so good at saying one thing and meaning the other.. So many people are in love with him that they don't want to see what he is actually doing, they just want to hear him say **** that sounds good.
Smoke and mirrors is right. President Obama is a gifted speaker who keeps convincing the majority of people that he is trying to cut spending while pushing a 3.5 T budget. I'm worried most will not catch on until we've already hit hyperinflation due to printing so much money.
Does anyone know when the President began to submit a budget to congress? It seems Article 1 Section 8 gives Congress the power to control paying our debts, and they have the power to raise funds. Why does any president even submit a budget? It doesn't seem like the budget falls under the authourity or responsibility of the President.
my bank account has $0 in it my wife comes home with some clothes my bank account now has -$250 in it, with over draft fees and interest coming my wife says she saved money because my bank account has -$250 in it instead of -$500. yep, she saved money obama and the rest of those ******* fucks talk money like a bunch of shopaholic whores.
