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Obama vows to slash wasteful spending
Reuters ^

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 ...


TOPICS: News/Current Events
KEYWORDS: economy; obama; obamatransitionfile; spending
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1 posted on 11/25/2008 1:39:10 PM PST by WilliamReading
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To: WilliamReading

Good luck with that since Congress writes the budget and SCOTUS struck down the Line Item Veto in 1998.


2 posted on 11/25/2008 1:39:56 PM PST by Virginia Ridgerunner (Sarah Palin is a smart missile aimed at the heart of the left!)
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To: WilliamReading

3 posted on 11/25/2008 1:40:41 PM PST by tomkat ( handcrafted handmirrors)
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To: Virginia Ridgerunner

Good point.

I don’t think he realizes how much power the office of the president DOESN’T have.


4 posted on 11/25/2008 1:42:12 PM PST by Not A Snowbird (Go, Sonics! And take the Mariners with you.)
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To: tomkat

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.


5 posted on 11/25/2008 1:42:52 PM PST by WilliamReading
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To: WilliamReading
I think he would be influential in stopping the 25 million or so funding for his vote stealing apparatus ACORN.

But I doubt it, he's always putting on Ayers airs.

6 posted on 11/25/2008 1:43:16 PM PST by Syncro (Tagline: optional, printed after your name on post)
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To: WilliamReading

Like defense...


7 posted on 11/25/2008 1:44:25 PM PST by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: Syncro

Simple to understand:

What gets slashed:
Any Constitutionally authorized and required spending.

What gets expanded:
Anything not authorized by the Constitution.


8 posted on 11/25/2008 1:44:47 PM PST by MrB (The 0bamanation: Marxism, Infanticide, Appeasement, Depression, Thuggery, and Censorship)
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To: WilliamReading
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.


9 posted on 11/25/2008 1:45:48 PM PST by mvpel (Michael Pelletier)
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To: WilliamReading
Wasteful spending (Obama version):

Defense Department
Tax deferrals for 401k
Anyone in the Department of Justice investigating union corruption
Border fences, border patrol and ICE

10 posted on 11/25/2008 1:46:16 PM PST by KarlInOhio (11/4: The revolutionary socialists beat the Fabian ones. Where can we find a capitalist party?)
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To: WilliamReading

sorry, but it applies again .. lol

11 posted on 11/25/2008 1:47:58 PM PST by tomkat ( handcrafted handmirrors)
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To: WilliamReading

He can start by eliminating the DEA and ATF.


12 posted on 11/25/2008 1:49:05 PM PST by mysterio
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To: mysterio

and the NEA


13 posted on 11/25/2008 1:50:54 PM PST by robomatik ((wine plug: renascentvineyards.com cabernet sauvignon, riesling, and merlot))
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To: WilliamReading
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.

But what about those farmers who make less than $2.5 million per year? Or is he redefining rich again?

14 posted on 11/25/2008 1:53:58 PM PST by AmusedBystander (Democrats' new lament: I voted for "hope & change" and all I got is "shuck & jive".)
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To: WilliamReading

 


15 posted on 11/25/2008 1:54:44 PM PST by quantim (Victory is not relative, it is absolute.)
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To: WilliamReading

“Obama vows to slash wasteful spending”

ROTFLMAO!
With a DEMOCRAT CONGRESS???

AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH!!!


16 posted on 11/25/2008 1:58:46 PM PST by tcrlaf (You Voted DEMOCRAT-You'll Look GREAT In A Burqa!)
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To: WilliamReading

Bye bye F-22, bu by USS.....


17 posted on 11/25/2008 1:59:34 PM PST by NavVet ( If you don't defend Conservatism in the Primaries, you won't have it to defend in November)
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To: WilliamReading

“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.


18 posted on 11/25/2008 2:00:28 PM PST by Chet 99
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To: tcrlaf

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”.


19 posted on 11/25/2008 2:02:56 PM PST by MrB (The 0bamanation: Marxism, Infanticide, Appeasement, Depression, Thuggery, and Censorship)
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To: WilliamReading

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.


20 posted on 11/25/2008 2:06:24 PM PST by GailA ( Valor Quilts for our wounded Troops....I'm a quilt-aholic!!!)
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