Obama’s Four Flimsy Budget Cutting Ideas
by Lurita DoanPresident Obama, in his speech on the economy, given at the Bookings Institute, once again, tried to be all things to all people. Most of the speech was aimed at the dwindling number of devotees who were anxious to hear that additional taxpayer revenues would continue to flow to favored, pet projects.
Nor were these fans disappointed, for, despite running $1.2 trillion in annual deficits, President Obama has once again promised to borrow from the future to fund yet another round of pork and dodgy projects disguised as infrastructure and green investments.
At the same time the President was busy adding more spending programs to our bloated budget, he insisted, once again, that he was committed to fiscal discipline. Obama said “We’ve combed the budget, cutting waste and excess wherever we could.” Really?
What programs have been cut and what sorts of excess were eliminated? For the curious….here goes. After several months, Obama’s OMB has released a list of the top four programs that have been identified after an exhaustive search and combing of the federal budget.
The Administration reviewed over 38,000 different ideas, to aggressively root out wasteful practices, many of them submitted by government employees. After much work, synthesis,and review, OMB announced the four cost-cutting idea finalists:
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