Posted on 05/09/2009 8:32:18 PM PDT by JohnRLott
"The President's 2010 Budget seeks to usher in a new era of responsibility. ..." That's how a White House budget document released Thursday characterizes $17 billion in budget trimming. Luckily for President Obama, the media focused on these small cuts instead of his more than $300 billion in spending increases.
In 2008, the George W. Bush administration projected that the 2010 federal budget would hit $3.09 trillion. Mr. Obama requested $3.55 trillion and Congress cut that down to $3.4 trillion. This $3.4 trillion is a $300 billion increase over what Mr. Bush projected for the year. The $17 billion in cuts represents just 5.5 percent of the increase in what Congress authorized over what Mr. Bush planned. It is only about one-half of 1 percent of the total $3.4 trillion budget. The cut is swamped by the $787 billion increase in spending in the stimulus package and the $31 billion (8 percent) increase that Mr. Obama signed for this year's current discretionary budget.
Despite tax increases, the Congressional Budget Office expects Mr. Obama's policies to balloon the nation's debt over the next 10 years from nearly $6 trillion to $15 trillion. A mere $17 billion isn't even a rounding error for these spending increases. . . . .
(Excerpt) Read more at washingtontimes.com ...
Yay!!! Spending cuts!!! /sarc
Man, I thought no one could lie better (or more) than BJ Clinton but I was wrong. And the MSM is even more in the tank for this poseur.
The MSM dropped their collective shorts for this guy and are in so deep that they cannot ever admit they are wrong. Their advertising sales slipping and serious drop in circulation should be a clue.
And they focused on these cuts ‘cause the Prez urged them to.
This is like cutting a slice as thick as a business card off of a log of baloney.
Scary thing is that he told the media what to do and they essentially did it. How can freedom survive when the “news” media will do a leader’s bidding? God help us all.
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