Obama asking Cabinet for Budget Cuts

[dellinger63]

yea right.....

The president gave his Cabinet 90 days to find $100 million in savings to achieve over time.

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.

Obama only asked his Cabinet secretaries to identify waste in their annual operating budgets, which total a little over $1 trillion. He's leaving out war costs, the economic stimulus measure, the Wall Street bailout and benefit programs like Social Security and Medicare.

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.

http://finance.yahoo.com/news/SPIN-M...6290.html?.v=1

[Cannon Shell]

Hey its a start...

[dellinger63]

apparantly it was a cover for this.


President Barack Obama on Monday proposed a $100 billion U.S. loan to the International Monetary Fund to boost the IMF's resources and urged a bigger stake in the IMF for emerging powers.

Now by emerging powers does he mean Nicaraugua and Cuba. We're in a financial crisis and he's loaning out $100,000 million. Oh with the $100 million saved it cuts it to $99,900 million. WTF

http://www.reuters.com/article/polit...rpc=22&sp=true