Obama Budget Cut Farce
Do people really buy all this? Obama promised to go “line by line” to cut Federal spending. Many call this a broken promise, I call it a flagrant lie. From the Morning Bell:
The Obama administration is clearly aware of the yawning gap between their rhetoric and reality. That is why on April 21, President Obama ordered his cabinet to identify $100 million in spending cuts in each of their agency budgets. Never mind that this cut amounted to just .006% of this year’s estimated $1.75 trillion budget deficit. But the Obama administration’s audacity did not end there. Today the White House will unveil $17 billion in proposed cuts for next year’s budget. While $17 billion is a 1,700,000% improvement on $100 million, it still comes out as a farce when put in the proper perspective:
- First, Obama’s proposed $17 billion cut is still less than half of 1% of his proposed $3.69 trillion FY2010 budget.
- Second, half of the cuts Obama wants to make are in defense spending and were already announced by Defense Secretary Roberts Gates.
- Third, the cuts are half as ambitious as the $34 billion in cuts former President George Bush proposed last year.
- Fourth, the cuts have little chance of actually happening. The Democrat controlled Congress approved less than $2 billion of President Bush’s spending cuts.
- Finally, and most importantly considering President Obama’s October 7 promise to the American people: The proposed cuts, if adopted by Congress, would not actually reduce government spending. Obama’s budget would increase overall spending; any savings from the program terminations and reductions would be shifted to the president’s priorities.
And while Obama gives General Motors to the unions (remember those BILLIONS in bailout money?) and plans to spends BILLIONS on health care in foreign countries, he is shafting American companies:
At Coke, spokewoman Kerry Kerr declined to comment on the impact the Obama proposal might have on the company. She said the company’s U.S. taxes are disproportionately greater than the share of Coke’s sales in the United States.
U.S. Sen. Saxby Chambliss (R-Ga.) said he has heard from several Georgia companies concerned about the Obama plan, although he declined to name them.
“If you’re going to (have) a very complex piece of legislation that’s going to require double taxation on the part of domestic corporations, then what you’re going to see is jobs being shipped overseas,” said Chambliss.
In the House, U.S. Rep. Tom Price (R-Ga.) of Roswell, said Obama’s tax plan “would permanently ship away our competitiveness.”
“While the president claims he wants to preserve American jobs, his plan will have the exact opposite effect,” Price said.
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2 Responses to “Obama Budget Cut Farce”
Comment from Liberty
Time May 7, 2009 at 4:34 pm
He has cut .006% of his new spending. That’s like eating the whole bag of cheesy doodles minus one and thinking you’re on a diet.
You are perfectly right, it’s a cruel joke on the American people.
Comment from KT D
Time May 7, 2009 at 4:24 pm
I highly doubt that the budget cuts are going to do any real good (or bad, for that matter). They are too small to have an actual influence on the American economy–besides, perhaps, saving the expenditure of a jet or something like that. When you consider how far this country is actually in debt (which is relatively impossible), Obama’s overly publicized budget cuts seem like a cruel joke. I watched an interesting video on the differing opinions on this issue at newsy.com earlier. It’s worth looking at:
http://www.newsy.com/videos/budget_cuts_a_drop_in_the_bucket/