Monday, April 20, 2009

Obama Orders $100 Million of $3.5 Trillion Budget Identified to Cut

Obama is ordering his cabinet to find $100 Million of the $3.5 Trillion budget to cut over the next 90 days (http://www.washingtonpost.com/wp-dyn/content/article/2009/04/19/AR2009041902009.html?hpid=topnews).

Let me put this into perspective for you:

http://newledger.com/2009/04/mr-president-we-can-do-math-too
"So let’s give Obama credit for cutting government by $100 million. That’s 0.0027% of his first budget, and 0.0057% of his first deficit.

To put this start toward a net cut into terms that every American can visualize, this is roughly like having a baseball team made up of 3,600 Alex Rodriguezes downsize by cutting one-tenth of an A-Rod from the team. Which would look roughly like the image below.
" Picture referred to at http://newledger.com/wp-content/uploads/2009/04/arodbudget.jpg.


http://corner.nationalreview.com/post/?q=MmI1NzVjZjcyZjU3ZTA0ZTNjNjJmOTc5ODYwYTdiZGI=
"just to put everything into context.



[I]n a $3 trillion budget, a $100m spending cut is equivalent to a person who makes $50,000 a year declaring proudly that he will cut a whopping $1.67 from his expenses.


That's like a legislative assistant on Capitol Hill cutting back by one iced tea per annum."


http://www.foxnews.com/story/0,2933,517213,00.html
"One hundred million dollars is 1/35,000th of the total budget. It would be like blowing $100,000 on a stereo system, but returning a $3 cable.
...
One hundren million dollars is a joke — a joke that gets even less funny when you consider that we're spending more than $100 million every 2 hours in interest on our debt alone!
"


http://ace.mu.nu/archives/286235.php
"$100 million isn't even a rounding error in the federal budget. It's not even a rounding error in a single agency's budget.

I get the feeling this is going to become the next often repeated mantra from the Obama administration (like the 'tax cut for 95% of Americans", which is no such thing). They will cut like $500,000 from 200 programs and then spend the next year saying "we've cut the budget of hundreds of programs!". Of course the stenographers in the MSM will eat it up. Meanwhile behind the curtain, spending is going up by a trillion or so dollars.
"


http://finance.yahoo.com/news/SPIN-METER-Saving-federal-apf-14976290.html?.v=1
"The thrifty measures Obama ordered for federal agencies are the equivalent of asking a family that spends $60,000 in a year to save $6.
...
For all the trumpeting, the effort raised questions about why Obama set the bar so low, considering that $100 million amounts to:

--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.
"


http://hotair.com/archives/2009/04/20/obama-demands-00029-budget-cut-after-running-up-spending
"$100 million barely registers in Washington these days — and certainly does nothing to slow down the Obama spending juggernaut.  Compare this pittance to some of the other numbers that Obama has produced:



  • $100 million from a $3.5 trillion budget for FY2010: 0.0029%

  • $100 million from the $1.2 trillion White House deficit projection for their FY2010 budget: 0.008%

  • $100 million from the $700 billion Porkulus stimulus bill Obama demanded: 0.013%


  • $100 million from the $634 billion “down payment” on nationalized health care: 0.016%

  • $100 million from the $555 billion omnibus spending plan completing the 2009 budget: 0.018%

  • $100 million from the $13 billion in pork from the omnibus spending plan: 0.77%


The cuts that Obama proposes don’t even amount to 1% of the pork Obama signed into law last month in the omnibus spending bill."


http://gregmankiw.blogspot.com/2009/04/fiscal-responsibility.html
"Just to be clear: $100 million represents .003 percent of $3.5 trillion.

To put those numbers in perspective, imagine that the head of a household with annual spending of $100,000 called everyone in the family together to deal with a $34,000 budget shortfall. How much would he or she announce that spending had be cut? By $3 over the course of the year--approximately the cost of one latte at Starbucks. The other $33,997? We can put that on the family credit card and worry about it next year.
"


Head over to http://blog.heritage.org/2009/04/20/obamas-spending-vs-obamas-spending-cuts-in-pictures for a graph.


It is movement in the right direction, but at this pace the universe will come to an end before we reach our destination.


Update:
Gibbs responds to questions about the $100 Million budget cut goal.

Video embedded below. (from http://gatewaypundit.blogspot.com/2009/04/tapper-ap-scold-gibbs-over-100-million.html)

Link: AP, Tapper Confront Obama Admin Over $100 Million

2 comments:

  1. Obama is counting on our public school indoctrination. After all, it's really hard to think.

    ReplyDelete
  2. Excellent collection of links and info regarding this laugh or I will cry 0bambi administration waffle moment. Thanks.

    ReplyDelete

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