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Obama wants budget cuts

hypocritexposer

Well-known member
$100M out of a $3.5T budget.

I hope he doesn't think will help him balance the budget. It would take 35,000 years to balance it!

Maybe the taxpayers could afford to give him $1.71 out of a $60,000 salary, it would be the same.

Obama to Order $100 Million in Budget Cuts

By Michael A. Fletcher
Washington Post Staff Writer
Monday, April 20, 2009

President Obama plans to convene his Cabinet for the first time today, and he will order its members to identify a combined $100 million in budget cuts over the next 90 days, according to a senior administration official.

Although the budget cuts would amount to a minuscule portion of federal spending, they are intended to signal the president's determination to cut spending and reform government, the official said.

http://www.washingtonpost.com/wp-dyn/content/article/2009/04/20/AR2009042000641_pf.html
 

loomixguy

Well-known member
I heard today that he had to fly his pizza guy from Chicago over to Europe to make pizza for him. How many thousands/slice do you figger that to be? Sotero is beginning to make Carter look like he had good sense? Remember the flack Nancy Reagan caught over some new china for the White House, and good ol' BS (Barry Sotero) needs his own personal pizza guy? How FU'd is THAT???
 

Tam

Well-known member
WOW 100M two less rolls of toilet paper for each goverment bathroom should get the job done. :wink: OR Obama could just turn the White House heat down to what he figures US citizens should keep their homes at. :)
 

Texan

Well-known member
What a joke! This President is already so accustomed to his supporters being easily fooled that he continues to do it on a regular basis on almost every issue. And apparently, he believes that he will get away with it from now on. Unfortunately, he has good reason to think that it will continue to work...

What's wrong with you Obama supporters? This President is treating you like fools. Why is this okay with you?
 

Mike

Well-known member
Heard this morning that the projected savings is only 1/2000 of 1% of the total budget.

Peeing in the ocean comes to mind............................

I'm surprised that this got any press at all........... :roll:
ABC's Jake Tapper questioned Gibbs why the Obama administration was making a large deal over saving $100 million in his proposed budget when the administration pooh-poohed $8 billion in an appropriations bill several weeks ago.
 

hypocritexposer

Well-known member
Save 100Million, spend 100Billion, "Good Trade"

President Barack Obama on Monday proposed a $100 billion U.S. loan to the International Monetary Fund to boost the IMF’s war chest and urged a bigger stake in the IMF for emerging powers like China and India.

In a letter sent to Democrat and Republican leaders in the U.S. Congress, Obama said the U.S. funding “does not represent a budgetary expenditure or any increase in the deficit since it effectively represents an exchange of assets.”

The letter comes days before world finance leaders gather in Washington on April 24 and 25 for meetings of the IMF and World Bank to discuss among other things IMF lending and governance reforms at the global institutions.

The $100 billion is part of pledges made by Group of 20 member countries during a summit in London on April 2 to combat the worst economic crisis since the Great Depression.
 

Mike

Well-known member
hypocritexposer said:
Save 100Million, spend 100Billion, "Good Trade"

President Barack Obama on Monday proposed a $100 billion U.S. loan to the International Monetary Fund to boost the IMF’s war chest and urged a bigger stake in the IMF for emerging powers like China and India.

In a letter sent to Democrat and Republican leaders in the U.S. Congress, Obama said the U.S. funding “does not represent a budgetary expenditure or any increase in the deficit since it effectively represents an exchange of assets.”

The letter comes days before world finance leaders gather in Washington on April 24 and 25 for meetings of the IMF and World Bank to discuss among other things IMF lending and governance reforms at the global institutions.

The $100 billion is part of pledges made by Group of 20 member countries during a summit in London on April 2 to combat the worst economic crisis since the Great Depression.

The kicker about this IMF deal is that the money won't be in the "Liabilities" column on the books, they'll stick it on the "Assets" side whether we get paid back or not.

Surely everyone will be glad that Cuba, with the worst Credit history possible, will be borrowing our tax dollars? :lol:
 
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