fort wayne right Weblog

REAL REPUBLICANS FOR REAL CHANGE

WOW THE AP DIDNT DRINK THE KOOLAID

Posted by zeakster on April 20, 2009

WASHINGTON (AP) — Cut a latte or two out of your annual budget and you’ve just done as much belt-tightening as President Barack Obama asked of his Cabinet on Monday.

The thrifty measures Obama ordered for federal agencies are the equivalent of asking a family that spends $60,000 in a year to save $6.

Obama made his push for frugality the subject of his first Cabinet meeting, ensuring it would command the capital’s attention. It also set off outbursts of mental math and scribbled calculations as political friend and foe tried to figure out its impact.

The bottom line: Not much.

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.

http://finance.yahoo.com/news/SPIN-METER-Saving-federal-apf-14976290.html?.v=1

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: