The attack on word definitions continues by the Obama Administration while math is also now included in the list of “old policies” that should be “done away with”. Country? What country – Obama is a citizen of the world inside his playhouse of games.
“SPIN METER: Saving federal money the easy way
SPIN METER: Obama’s latest budget-tightening effort hardly makes a dime’s worth of difference ”
The president gave his Cabinet 90 days to find $100 million in savings to achieve over time.
For all the trumpeting, the effort raised questions about why Obama set the bar so low, considering that $100 million amounts to:
— Less than one-quarter of the budget increase that Congress awarded to itself.
— 4 percent of the military aid the United States sends to Israel.
— Less than half the cost of one F-22 fighter plane.
— 7 percent of the federal subsidy for the money-losing Amtrak passenger rail system.
— 1/10,000th of the government’s operating budgets for Cabinet agencies, excluding the Iraq and Afghan wars and the stimulus bill.
Obama only asked his Cabinet secretaries to identify waste in their annual operating budgets, which total a little over $1 trillion. He’s leaving out war costs, the economic stimulus measure, the Wall Street bailout and benefit programs like Social Security and Medicare.
“He will challenge his Cabinet to cut a collective $100 million in the next 90 days,” said a White House news release. “Agencies will be required to report back with their savings at the end of 90 days.”
“I’m asking for all of them to identify at least $100 million in additional cuts to their administrative budgets,” Obama told reporters afterward. “None of these things alone are going to make a difference, but cumulatively, they would make an extraordinary difference because they start setting a tone.”
THE FULLER STORY:
Obama’s marching orders to the Cabinet on Monday were less than meets the eye. Many of the savings he asked them to achieve are already under way and are included in the calculation. (Read the whole thing…)
BUT WAIT! THERE’S MORE: “Obama Asks Congress for $100,000,000,000 (A HUNDRED BILLION DOLLARS) to fund the IMF“…
YouTube: “Barack Obama’s Investment Plan“