Obama Must Think U.S. Voters Are Morons: Offers Cuts in Teaspoons As We Go Over Niagra Falls In Spending, Debt

The photo op on TV today featured the President of the United States offering minuscule cuts in the budget — even though he has already promised to open the floodgates of spending on health care, a total reworking of the nation’s energy system in the name of the environment, and education.

Don’t forget, we the taxpayers now own a big chunk of the banks and auto makers.

Related:
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Saving $17 Billion “Baby Step in Slow Motion” for U.S. Government
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Obama’s Health Care Reform a Panacea For Voters in Jobless Recovery?
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American Auto Industry: Unsustainable Losses
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Obama’s promised line-by-line scrub of the federal budget has produced a roster of 121 budget cuts totaling $17 billion — or about one-half of 1 percent of the $3.4 trillion budget Congress has approved for next year.

“But $17 billion a year is not chump change by anyone’s accounting,” an Obama spokesman said.

Well, Obama is right about one thing: we are not chumps.

The Associated Press reported “Many of the cuts mirror those proposed previously by Bush but largely rejected by Congresses controlled by both Republicans and Democrats.”

Which means they probably won’t fly through Congress this time either.

Roughly half of the savings come from the defense budget.
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The bulk of the defense cuts have already been announced by Secretary of Defense Robert Gates.
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But if U.S. voters are morons: the photo op today is still good, right?

This is the second time the president has crowed about savings.  During his first cabinet meeting he bragged about saving $100 million. 

At least now we are talking about saving one-half of 1 percent.

Related:
Obama’s Team Stages Insane Looking Cabinet Meeting: Arms Them With Squirt Guns To Put Out Forest Fire in Economy, Fed Spending

Reactions To Recession: Isreal Wants Huge Spending Cuts; Brits Mulling Huge Taxes; Obama Wants To Totally Fund Health Care, Education, Re-engineered Energy System

Read Michelle Malkin:

http://michellemalkin.com/2009/05/
07/obamas-budget-cutting-tools/

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A copy of President Barack Obama's budget is shown at the ...

A copy of President Barack Obama’s budget is shown at the Government Printing Office in Washington, DC, May 5. Obama’s administration is set to unveil its detailed 2010 budget, pushing ahead with a spending blueprint topping three trillion dollars despite deficit and debt concern. (AFP/Getty Images/File/Win Mcnamee)
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Associated Press

WASHINGTON — In twin strokes, President Barack Obama is calling on Congress to award generous budget increases to domestic programs while proposing relatively modest cuts to wasteful or obsolete programs that just won’t seem to die. 

Officials said Wednesday that Obama’s promised line-by-line scrub of the federal budget had produced a roster of 121 budget cuts totaling $17 billion — or about one-half of 1 percent of the $3.4 trillion budget Congress has approved for next year. The details were being unveiled Thursday. 

White House budget director Peter Orszag said the president’s plan for program cuts is just a start and that a lot more needs to be done to dig the government out of its fiscal hole, especially curbing the growth of the Medicare and Medicaid health care programs for the elderly and the poor. 

“But $17 billion a year is not chump change by anyone’s accounting,” Orszag said on MSNBC’s “Morning Joe.” 

Those savings are far exceeded by a phone-book-sized volume detailing Obama’s generous increases for domestic programs that will accompany the call for cuts. 

Most of the major elements of Obama’s budget for next year were released in February. Additional details were coming out Thursday and next week. 

The roster of cuts won’t be easy for Congress to swallow. Lawmakers from the potent California, New York and Florida delegations are sure to fight the elimination of the State Criminal Alien Assistance Program, which gives money to states to help defray the cost of incarcerating illegal immigrants who commit crimes. President George W. Bush tried and failed to kill the $400 million program several times. 

About half the budget savings would come from an effort by Defense Secretary Robert Gates to curb defense programs, including ending production of the F-22 fighter and killing a much-maligned replacement helicopter fleet for the president. 

Budget Director Peter Orszag briefed Democratic lawmakers on a partial roster of the cuts Wednesday. Obama also is fleshing out the details of the $1.3 trillion portion of the budget that he requested Congress pass through appropriations bills for the budget year beginning Oct. 1. 

And just as Congress is beginning work on a new war bill to fund military operations in Iraq and Afghanistan into the fall, Obama is sending up a $130 billion request to fund them next year. That figure may not be adequate considering the increase in the tempo of operations in Afghanistan. 

Obama has said repeatedly his administration will go through the budget “line by line” to eliminate waste. But the resulting savings are relatively minor compared with the government’s fiscal woes, especially a deficit that’s likely to exceed $1.5 trillion this year. 

Administration and congressional officials described elements of the budget proposals only on condition of anonymity to discuss them before they’re made public. 

Republicans weren’t impressed with the cuts. 

“While we appreciate the newfound attention to saving taxpayer dollars from this administration, we respectfully suggested that we should do far more,” House Minority Leader John Boehner, R-Ohio, said. 

Many of the cuts mirror those proposed previously by Bush but largely rejected by Congresses controlled by both Republicans and Democrats. 

Read the rest:
http://www.foxnews.com/politics/2009
/05/06/white-house-official-obama-c
ut-programs-save-b-budget/

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From Politico

The Obama administration is attempting a tricky political feat: trying to portray the $3.55 trillion federal budget President Barack Obama has proposed as an exercise in austerity and efficiency.

The thick book containing Obama’s line-by-line budget request is being publicly released Thursday morning. However, the president and his top aides are directing the press and the public not to the flood of federal spending contained in the phone book-like budget appendix but to a much thinner “terminations, reductions and savings volume.”

Read the rest:
http://www.politico.com/news/stor
ies/0509/22222.html

A sheet of one dollar bills. The dollar rose as investors waited ...
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