Obama has finally come out and said that the current proposed budget must be cut in order to keep the country in the track he intends to keep them on as far as the deficit is concerned. Earlier this month he proposed a 3.6 trillion dollars budget for this fiscal year which would. His proposal is to cut the budget by $100 million dollars. Unfortunately the president is not very proficient in mathematics because that would little more that put a dent in the 1.2 trillion dollar deficit that will be posted this year as a result of his spending spree.
From going paperless to eliminating multimillion-dollar contracts for companies that create logos, Cabinet agencies are laying out a number of ways they can meet President Obama’s call to slash $100 million from the federal budget.
The president held his first Cabinet meeting Monday morning and ordered his department heads to draft ways to trim the federal fat.
The $100 million figure represents a drop in the bucket of the president’s $3.5 trillion budget proposal, and would do little to erase the more than $1.2 trillion deficit that has become the rallying cry of fiscal conservatives.
But the White House released a list of cost-cutting measures Monday that marked a start to what Obama pledges will be long-term fiscal responsibility.
– The Veterans Affairs department has canceled or delayed 26 conferences, projected to save nearly $17.8 million. The department will be using less expensive alternatives as well, like video conferencing.
– The Department of Agriculture is working to combine 1,500 employees from seven office locations into a single facility in 2011 — expected to save $62 million over a 15-year lease term.
– The Department of Homeland Security estimates it can save up to $52 million over five years by purchasing office supplies in bulk. It also estimates it can save $3 million by ending consulting contracts to create new seals and logos.
– Both the Department of Justice and State Department propose going paperless with specific programs. Doing so is projected to save $6.7 million on the Justice side over five years, and $1 million on the State side in the first year.
– The Department of Education expects to save $2 million annually by reducing the number of computers provided to staff.
So once again we have a president who is trying to give the illusion to the American people that he is doing something to relieve the deficit we are seeing but that could not be farther from the reality of this situation. The budget on top of the two massive stimulus bills he has passed are a far cry from the 100 million dollar cut.
Republicans have kept up a steady stream of criticism of Obama’s spending, both of his $787 billion stimulus plan and his $3.6 trillion budget proposal.
“Earlier this week, President Obama said that we need to get serious about fiscal discipline by trimming waste in the federal budget,” Rep. Kevin McCarthy, R-Calif., said in the GOP address. “Republicans couldn’t agree more. We want to work with the president to get our financial house back in order.”
“It’s irresponsible to borrow more than all previous American presidents combined. And it must stop if we want to get our economy moving again,” McCarthy said. “When will all this spending and borrowing end?”
Republicans say that budget cuts are a worthwhile effort, but emphasize the size of the Democratic spending bills.
McCarthy singled out “the trillion-dollar ‘stimulus’ bill the $410 billion dollar ‘omnibus’ spending bill and the massive, fiscally irresponsible Democratic budget that doubles the debt in just over five years, and triples the debt in just over ten years.”
What an incompetent fraud, a reckless spender and an american hater. These all describe our current president very nicely. This budget needs to be slashed not trimmed. (http://www.foxnews.com/politics/first100days/2009/04/20/obama-seeks-m-cuts-cabinet-meeting)
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