Has a new found sense of fiscal responsibility and frugality overcome the White House? This Week, President Obama announced cuts to his record setting budget.
In making the announcement,the President said:
We can no longer afford to spend as if deficits don't matter and waste is not our problem," Obama told reporters. "We can no longer afford to leave the hard choices for the next budget, the next administration or the next generation.
In making the announcement, the President proposed ridding the budget of $17 Billion Dollars.
$17 Billion. Of Course, the 2010 Budget proposal is already $3.5 Trillion Dollars - which is down from the record setting $3.9 Trillion Dollar FY 2009 Budget. (See, Holy Cow! $3.9 Trillion Dollar Budget.) The promise to save $17 billion dollars has nothing to do with cutting waste. Take a look at how much $17 Billion is in comparison to the budget (chart from Econopic):
Get out your microsope to see that tiny blue line at the bottom of the graph. That is the hard choices we are making. Keep in mind that the fiscal 2009 (originally proposed Bush) was $3.1 Trillion, and then increased to $3.9 Trillion by Obama. The 2010 budget is still $300 Billion greater than the original 2009 budget.
How's that for fiscal responsibility?
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