Obama Proposed $18 Billion In Cuts– Seeks $81 Billion For His Agenda
This was not exactly a bold move.
President Barack Obama proposed to cut almost $17 billion in programs, including tax breaks for oil and gas companies, while at the same time seeking an $81 billion increase for his socialist agenda. House Republican Leader John Boehner (R-OH) and Whip Eric Cantor (R-VA) urged the President to do far more than the “tiny amount” of cuts McClatchy News reports the Administration is highlighting adding regardless of the Democrats’ claims on “eliminating waste,” their budget spends too much, it taxes too much, and it borrows too much.
Barack Obama and democrats will quadruple the national deficit this year.
Ed Morrissey at HotAir breaks down the numbers:
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.
Allahpundit added this:
To put the cuts in perspective, imagine a family that’s already deeply in debt realizing they’re on pace to spend $50,000 this year — and “scaling back” by foregoing one $250 purchase. One half of one percent. That’s what we’re talking about.
White House budget chief Peter Orszag said the cuts were not a “side show.”
The cuts amount to half of one percent of the entire budget.