Posted on 11/25/2008 1:39:09 PM PST by WilliamReading
CHICAGO (Reuters) – President-elect Barack Obama vowed on Tuesday to cut billions of dollars from wasteful government programs as he sought to reassure Americans anxious about a growing mountain of debt and a faltering economy.
Obama held a second news conference in Chicago in two days, and planned a third for 10:45 a.m. EST (1545 GMT) Wednesday, seeking to calm see-sawing financial markets looking for signs that his incoming administration has a viable plan to tackle the worst economic crisis in decades.
Promising Americans a more cost-effective and efficient government, he said: "If we're going to make the investments we need, we must also be willing to shed the spending we don't."
"We cannot sustain a system that bleeds billions of taxpayer dollars on programs that have outlived their usefulness or exist solely because of the power of a politician, lobbyist or interest group," he said.
An obvious example, Obama said, were reports of crop subsidies to farmers who make more than $2.5 million per year. He did not say what other programs he was eyeing.
(Excerpt) Read more at news.yahoo.com ...
Good luck with that since Congress writes the budget and SCOTUS struck down the Line Item Veto in 1998.
Good point.
I don’t think he realizes how much power the office of the president DOESN’T have.
I don’t see how Obama can cut government spending. George Bush and the Republican Congress cut spending to the bone when they were in power from 2001-2007.
But I doubt it, he's always putting on Ayers airs.
Like defense...
Simple to understand:
What gets slashed:
Any Constitutionally authorized and required spending.
What gets expanded:
Anything not authorized by the Constitution.
Defense Department
Tax deferrals for 401k
Anyone in the Department of Justice investigating union corruption
Border fences, border patrol and ICE
sorry, but it applies again .. lol
He can start by eliminating the DEA and ATF.
and the NEA
But what about those farmers who make less than $2.5 million per year? Or is he redefining rich again?
“Obama vows to slash wasteful spending”
ROTFLMAO!
With a DEMOCRAT CONGRESS???
AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH!!!
Bye bye F-22, bu by USS.....
“I don’t see how Obama can cut government spending. George Bush and the Republican Congress cut spending to the bone when they were in power from 2001-2007.”
Funny. Obama’s biggest enemies (if he’s serious about cutting spending) will be Porkers like Murtha and Byrd.
Don’t forget the laws of definitions - the left defines words as they see fit.
Like... “wasteful”, or “fair”, or “successful”, or “social justice”, or “reproductive rights”.
He means the Military....25% cut don’t you remember? Couldn’t be the failed head start, pre-k crap can’t offend all those UNION teachers.
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