Quote Of The Day — Obama Cost-Cutting

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!”

  • John

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

  • Akston

    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.

  • trumpetbob15

    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.

  • Merf

    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.

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  • Akston

    …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.

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