Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

“I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it.”     Thomas Jefferson

April 21, 2009

Quote Of The Day — Obama Cost-Cutting

by Brad Warbiany

Well, the Tea Partiers must have had an impact, because Barack Obama is about to go on a cost-cutting spree. With this quick 90-day window to identify $100B of cuts to make across his cabinet, he’s showing that he really does hear our pleas for fiscal sanity.

Oh, wait, did I read that wrong? Yep, it’s NOT $100B, it’s $100M. That’s not even enough to be a drop in a bucket!

Reason puts it in perspective:

Imagine that the head of a household with annual spending of $100,000 called everyone in the family together to deal with a $34,000 budget shortfall. How much would he or she announce that spending had to be cut? By $3 over the course of the year–approximately the cost of one latte at Starbucks. The other $33,997? We can put that on the family credit card and worry about it next year.

Expect petulant politicians, like spoiled children, when these “cuts” are identified, to scream and whine — “But we wanted our latte!”

TrackBack URI: http://www.thelibertypapers.org/2009/04/21/quote-of-the-day-obama-cost-cutting/trackback/
Read more posts from
• • •

8 Comments

  1. Now if he would just do that every day for the rest of his term, we might get somewhere.

    Comment by John — April 21, 2009 @ 8:38 am
  2. Actually at that rate (100 million a day), it’d take well over 100 years to compensate the recent 4 trillion in new spending. And that would only account for principal, not interest.

    Comment by Akston — April 21, 2009 @ 2:50 pm
  3. I loved how Obama mentions how he has to start somewhere. This is like the skinny kid gaining 300 pounds in a month and saying, “Well, if I lose 3 pounds a week, we’ll be good. Gotta start somewhere, right?” Yeah, get started a wee bit bigger in those cuts.

    Comment by trumpetbob15 — April 21, 2009 @ 4:40 pm
  4. This whole weight loss analogy doesn’t hold up at all.

    It would be more accurate to compare this to a thief that promises to steal less from each house.

    Comment by Merf — April 21, 2009 @ 6:52 pm
  5. [...] Merf: This whole weight loss analogy doesn’t hold up at all. It would be more accurate to compare this to a… [...]

    Pingback by The Liberty Papers »Blog Archive » Obamessiah Pisses Away More of Your Money — April 21, 2009 @ 6:55 pm
  6. …or one who cleans out all the kids’ piggy banks, leaves a “U-O-Me” note promising he’ll be back to collect what he couldn’t carry, then “goes straight” by taking back a dollar from one of the folks he gave your money to.

    Comment by Akston — April 21, 2009 @ 10:32 pm
  7. [...] that he should do that every day for the rest of his term, and we might get somewhere. Akston suggested that might still not get us very far: Actually at that rate (100 million a day), it’d take well [...]

    Pingback by The Liberty Papers »Blog Archive » Comment Of The Day — April 22, 2009 @ 7:25 am
  8. On Slashing $100 Million…

    Earlier this week, Greg Mankiw jumped on the reports that Obama planned to ask his cabinet members to slash $100 million from their combined budgets:
    Just to be clear: $100 million represents .003 percent of $3.5 trillion.
    To put those numbers in persp…

    Trackback by Prose Before Hos — April 23, 2009 @ 10:34 am

Comments RSS

Subscribe without commenting

Sorry, the comment form is closed at this time.

Powered by: WordPress • Template by: Eric • Banner #1, #3, #4 by Stephen Macklin • Banner #2 by Mark RaynerXML