Posted on 02/13/2011 8:30:09 AM PST by OldDeckHand
(Reuters) - President Barack Obama's proposed budget for fiscal 2012 will seek to cut the record federal deficit by $1.1 trillion over the next 10 years, White House budget director Jack Lew said Sunday.
Lew, speaking on CNN, said the president was also on track to halve the budget deficit by the end of his first term in office, which goes through 2012.
(Excerpt) Read more at reuters.com ...
Of course...he doesn't want to be outdone by the GOP.
However, Zero wouldn't be proposing this if Pelosi was still in power.
1. Obamacare has to go
2. Remove the drug benefit from medicare
3. Freeze all entitlement spending at current levels for 5 years.
4. Get rid of subsidy for ethanol.
5. Close departments of Education, Energy and the EPA.
Shut down Fannie and Freddy
The world is an unprecedented period of peace and stability so there is no need to spend so much on defense.
Hell. Why don't we just disband our military altogether.
We'll all just fling flower petals all over the place as we sing Skip To My Lou and Row, Row, Row Your Boat. It'll be fun!
If he does that I would consider him a citizen. Until then, let his constituency keep wallowing in squalor.
Looking to liberal Democrats to cut anything is like looking to al Queda for better ways to get along with Jews....
The FED is currently holding a ton of bad paper that began its life in those agencies and that is just part of all the paper out there as a good deal of it is still on the books of the banks and other financial holders. They will go as soon as this paper can be written off over the years but remain in tact to give cover to the Raines and Goreleks of the world who were political insiders who made a fortune and rode off into the sunset. CIA assassination squads should be looking for them IMO.
We said he would cut the military from the start. Here it comes.
I would replace your #2 with: repeal the business regulations they enacted called financial reform, and free the other newly government owned businesses to sink or swim on their own.
Put RON PAUL in charge of it.. in the HOUSE and Rand Paul in charge in the Senate..
ONE UP.... the shape Shiffter in Chief..
You did not read that very well. It said; Cut 78 billion per year for 5 years......
Geez what a wimp, he needs to cut that in one year, not 10. That’ll do little to nothing.
Obama is alienating our allies, encourages Muslim Brotherhood through his statements. He is sending the world a message we are weak.
He has weakened us with debt, devalued the dollar, interferes in energy independence. Is using regulation that will increase prices on energy and food. He is what needs to be cut out.
Oh, AND it is about controlling the CURRENT news cycle. Double benefits for the Rats.
I would put this on the list too.
My question is, why do you wish to remove from my list the drug benefit from Medicare. Bush who decided to put it in, unfunded, after winning a second term. He never mentioned this during his election either which really bothered me. It will be a trillion dollar unfunded liability. We cannot afford these unfunded benefits no matter how moral or ethical they seem to be. If you (or Bush) had proposed raising taxes to fund this benefit, I bet there would be fewer takers, no pun.
I don't think that's right. While we won't know for sure until he actually publishes his budget, this is directly from the article....
A Democratic aide said the budget would reduce Pentagon spending by $78 billion over five years.
It seems like it's a total of $78B, over a 5-year period.
Now that we own GM we don't need all that military stuff. How did I know Barry would want to cut the military rather than something like ethanol subsidies or encouraging the sale of gansta whitewall tires?
I would move it down. As I though this was a top 5, it didn’t appear.
Boner doesn't get it.
The House Originates ALL TAX and SPENDING bills. The House is legally enabled and required to present their own budget plan.
Deference to POTUS is dereliction of duty.
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