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“I consider Paine our greatest political thinker. As we have not advanced, and perhaps never shall advance, beyond the Declaration and Constitution, so Paine has had no successors who extended his principles.”     Thomas Alva Edison

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!”

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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

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