Free Markets, Free People


Crazy Barry is Cutting Prices to the Bone!

The Washington Post reports on the president’s bold move to order his cabinet to identify cost savings in the Federal government:

President Obama plans to convene his Cabinet for the first time today, and he will order its members to identify a combined $100 million in budget cuts over the next 90 days, according to a senior administration official.

So, how much is that, exactly, in terms of spending?  Well, let’s take a look.  Heritage Foundation drew up a little graph for our edification.

obamacuts

As the AP “Spin Meter” puts it:

The thrifty measures Obama ordered for federal agencies are the equivalent of asking a family that spends $60,000 in a year to save $6.

He’s all about the sacrifice.

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11 Responses to Crazy Barry is Cutting Prices to the Bone!

  • I’m starting to feel disillusioned with all this Hope and Change…

  • See, you just don’t understand!  The cuts are a SYMBOL.  Allow me to quote an intelligent, informed journalist who has layers of editors and fact-checkers to ensure that he gets it completely, totally, unalterably right:

    Although the budget cuts would amount to a minuscule portion of federal spending, they are intended to signal the president’s determination to cut spending and reform government, the [administration] official said.

    See?  Even though TAO is spending record amounts (“even as he goes about increasing spending in the short run to prop up the economy and support his priorities”), he really wants to CUT the budget.  Yessir, TAO is a slasher – a slasher of budgets!

    / sarc

    I stand by what I wrote earlier: TAO is counting on the inability of many Americans (including the chowderheads in MiniTru) to distinguish between one really large number and another really large number.  Yes, a moment of mental arithmetic is enough to see that the $100 million TAO proposes to “save” isn’t even a drop in the bucket compared to how much he plans to spend, but most people won’t do the math.  Rather, they’ll think, “Wow!  $100 million is a lot of money.  Glad we’re saving all of that!”

    The sad thing is that this sort of trick almost always works.  Spend a bit less than you planned and call it a “cut”, even though you spend more this year than last year.  Eliminate some redundant form or move people from one office to another and claim you’ve made government more efficient.  Add more “watchdogs” and claim you’ve reformed things.  Meanwhile, business as usual.

  • Looks like one of those textbook size comparisons of the Earth and the Sun.

    Kind of reminds me of this: http://www.youtube.com/watch?v=cKKHSAE1gIs

  • Even the AP “spinmeter” has a bit of mis-direction in it, I think.  I had heard quote a few times “a family that spends $60,000 would shave off $6″.  Note, however, it says _spending_ $60,000.  With taxes, what this really means is “asking a family that makes around $110,000 to save $6.”  I guess the federal government doesn’t have to worry about taxes like the rest of us though.  They get to spend whatever they …. “earn.”

  • I really thought that was a typo when I first saw the $100 million.  Now all I can picture is Obama as Dr. Evil, with his pinkie up to his mouth, demanding congress cut “$100 Million dollars”.   Bwahahahahahah!

  • Yep, this is more political theater.  A single useless project or weapons system can cost more than this.  It’s all a big joke.
    I am hopeful that no one is really fooled by this, not that I wish the President ill.  I want him, and our country, to succeed.
    Wow.  I’m actually a bright-eyed optimist.  I hadn’t realized…

  • Clark Taylor says:

    “Even the AP “spinmeter” has a bit of mis-direction in it, I think. ….”

    True.  The $60K represents $1T and I don’t know what that represents.  The projected 2009 deficit?

    I don’t know how to correct it, but a better analogy would be a family with an income of $30K and a debt of $180k with interest only servicing of $5k getting together to find a way (if I have this right — $100M out of $2.979T FY Budget) to cut $1.51  from their $45k in spending.

  • It is really interesting, though, to see how quickly the admin./supporters can jump across the fence, take a shot and then jump back.

    “sir, there is X-Billions in pork in these spending bills…yeah, but it’s a minuscule amount compared to the entire package”

    “we are trimming 100 million dollars of wasteful spending, look at us go”….”sir, Billions with a B was minuscule weeks ago but now 100 Million with an M is a large amount?????”…”yes, well, Rome didn’t balance it’s budget in a day. Move along.”

  • I guess this means no more wagyu …

  • 90 days to find a drop in the bucket?

    A real leader would’ve said, “You have 90 minutes.  Cut $100 million.”